Read the following Trial Balance and answer questions that follow.

Trial Balance as at 31 March 2018

Stock at 31 March 2018 was P12, 408

REQUIRED: Prepare the following:

a. Statements of comprehensive income for the year ended 31 March 2018.

b. Statement of financial position as at 31 March 2018.

Dr (P) Cr (P) 190 576 Sales Purchases Salaries Motor expenses Rent Insurance General expenses Premises Cash at bank Cash in hand Drawings Motor vehicle Debtors Creditors Capital 119 832 56 527 2 416 1894 372 85 95 420 16 519 342 8 425 16 594 26 740 16 524 138 066 345.166 345.166