Question 3: Paper LAd but in January 202 an electrical thalt crased the lons of much of the information. Reference to the available printouts has establiabed the following data: Notes 1. A new van was bought in January 20XI=a cost of$5,000kss a trado-in allowance of 21,750 cen the old one. Depreciation ir to be provided for 20XI at 200 s of the cost of the new van. 2. The company is authorisod to isue a maniman of 90,000 eedinary sharee with a par value of El each 20,000 shares nue issuod at por when the compacy wat formed During 201,1,900 sec shanes wore issaad to an employee at 12250 cach. 3. Bad debts totalling f1,360 were wrisun off dering 20x1. Of the 611,880 doubuful. discounts were allowed of teceived. Required: Papor Lia