Question 6 (10 marks) Dustin Martin opened a sports shop ('Dusty Sports') on 1 June 2019. His accountant prepared an income statement for June 2019, and this showed a profit at the end of the month of $2,150 (it may be assumed that this profit has been calculated accurately and requires no further adjustment). Dustin has now decided that he wants a suitably classified balance sheet prepared as at 30 June 2019. and has provided the following information for this purpose: Dustin deposited $20,000 in a business bank account when he commenced business on 1 June. A delivery vehicle was purchased on 1 June at a cost of $14,000. The vehicle is expected to be used equally over its useful life of five years after which it will have a residual (scrap) value of $2,000. At 30 June customers owe $4,300 to the business for fitness products purchased on credit during the month. However, of this amount $100 is not expected to be collected as the customer was declared bankrupt. At 30 June $2,300 is owing to suppliers for inventory (stock) purchased on credit during June. On 15 June Dustin withdrew $250 worth of fitness products to for personal use at non- business related private function. At 30 June there is inventory (stock) on hand that cost $1,200. However, of this amount $100 relates to inventory (stock) that is not fit for sale and will be thrown out. During June Dustin paid rent for the months of June and July. The total amount paid was $1,000. On 30 June a five year loan of $8,000 was arranged through a local bank. At 30 June wages of $400 are owing to an employee for work performed during June. Required Prepare a balance sheet for \"Dusty Sports' as at 30 June 2019