Question One (1) (a) - 15 Marks From the following information prepare the Manufacturing, Profit or Loss and other comprehensive income statement accounts for the year ending 31 December 2019 and the statement of financial position as at 31 December 2019 for the firm of PigMen Enterprise. Purchase of raw materials 64,500.00 Fuel and light 5,250.00 Administration salaries 4,250.00 Factory wages 14,750.00 Carriage outwards 1,000.00 Rent and rates 5,250.00 Sales 120,500.00 Returns inward 1,750.00 General office expenses 2,250.00 Repairs to plant and machinery 2.250.00 Stock at 1 January 2019 Raw materials 5,250.00 Work in progress 3,500.00 Finished goods 5,750.00 Sundry creditors 9,250.00 Capital account 114,250.00 Freehold premises 102,500.00 Plant and machinery 20,000.00 Debtors 5,000.00 Provision for depreciation on plant and Machinery at 1 January 2,000.00 2019 Cash in hand 2.750.00 246,000.00 246,000.00 Make provision for the following: (a) Stock in hand at 31 December 2019 GHS Raw materials 4,000 Work in progress 3,000 Finished goods 4,000 (b) Depreciation of 15% on plant and machinery - straight line method (C) 80% of fuel and light and 75% of rent and rates to be charged to manufacturing (d) Doubtful debts provision - 5% of sundry debtors (e) GHs 4,000 outstanding for fuel and light (f) Rent and rates paid in advance - GHs 250