QUESTION Statement of profit or loss and statement of financial position The Umbrella Shop has the following trial balance as at 30 September 208. The following information is available. (a) Closing inventory at 30.9.X8 is $13,000, after writing off damaged goods of $2,000. (b) Included in administration expenses is machinery rental of $6,000 covering the year to 31 December 208. (c) A late invoice for $12,000 covering rent for the year ended 30 June 209 has not been included in the trial balance. Required Prepare a statement of profit or loss and statement of financial position for the year ended 30 September 208