Question 2 The following information relates to Ward Manufacturing Ltd for the year ending 31st December 2018: Direct Labour Direct Expenses Indirect Labour Indirect Materials Factory Rent Depreciation of Factory Machinery Factory Heat & Light Salese Sales Returns Discounts Received Commission Received Rent Received Finance Expenses Administration Expenses Selling & Distribution Expenses Stock of Raw Materials at 1 Janury 2019- Purchase of Raw Materials Stock of Raw Materials at 31 December 2019 Stock of Work in Progress at 1 January 2019 Stock of Work in Progress at 31 December 2019 Stock of Finished Goods at 1 January 20194 Stock of Finished Goods at 31 December 2019 fie 483,500 4,375,300 214,200+ 312,290 896,450 121,2004 42,420 15,647,3802 11,230 8,500 27,700 29,300 39,520 421,400 415,2002 212,280 1,293,740 182,490 228,450 183,470 282,6302 440,000 Task: Prepare a Manufacturing Account and an Income Statement for Ward Manufacturing Ltd for the year ending 31st December 2018. (Total: 30 marks) Question 1 The following information was taken from the books of Straker Led December 2019, Trial balance December 2019 Sales 4.601.150 Purchase 1.575.200 Discounts Allowed 11 340 Discounts Received Sales Returns 18.200 Purchase Return Invertory at 1 Jan 2018 54.600 General Administration Expenses 512100 Ordinary Stare Cat 2.000.000 General Distribution Costs M0.250 Rent Received 902.000 750 240 Debtor Creator 21.500 10% Dubenture 2000 Debenture intorest paid 20.000 Provision for Doubtilu Deble 2.000 Land and in 4.000.000 Delivery Vehide 350.000 Office Furniture and Equipment 670.000 480 800 85.960 Provisions for Depreciation Delivery Vehicle 35 DOO Of Future and part MO Geneve 123000 1200 8,131,050 8.131.50 Inventory value 1 December 2010 is 7.300 Additional S. General Dibution Benesaccrual 2430 SLO Provision for dobetulebt is to be reduced by The directions are declared an ordinary share dividendo The Grectors are declared transfer to the General Reserve of Land & Milding has been reled Corporation Baperating activities for the year is estimated Motor Vehicle we to be deprecated at to reducing balance Office lumtur quiment is to be deprecated: 10 trigine Wapes Series are to be divided between dibution, sales and administrationes in the following ratio Distribution Task Prepare an income statement for the year ending 31 December 2010. her with a statement of Snancial position to December 2010 Straker Lading the minimum standard requirements w UK GAAP (Total: marks