Rechtsment for me COMPANY ACCOUNTING-FINANCIAL STATEMENT The SBANCOS Extracted from the book of All Trading company at June 30 2017: DEBIT CREDIT PARTICULARS 3120 cash at Bank 30,540 SUT3015 AS Rece 131,700 Supple 12130 E 487.000 A deprecation 216,500 Alcance for added 12.340 ACCORDO 115,400 244.190 Drawing 4310 Rotearing 60,000 Sale 1,043, 250 Purchase 712,240 Dlacounted and received 12,060 6,840 Freight Expense 25,880 Advertising Expense Salaries Expense 130,760 Rent Rate and insurance 59,730 TOTAL 1693,530 1,589,530 Additional information Equipment is to be depreciated at 12.5% per annum Salaries includes Rs.55.000 advance salaries to employees. (3) Merchandise Inventory at June 30 was valued at Rs.62,210 14) Company declares cash dividend of Rs.20,000. (5) Appropriate plant extension reserve valued Rs. 15,000. REQUIRED a Prepare called Income Statement and Balance sheet b) Prepare statement of Retained Earnings 18.520