Rent and business rates Sales 29.3A From the following information, prepare a manufacturing account and income statement for the year ending 31 December 2019 and a balance sheet as at 31 December 2019 for J Jones' business: Purchase of raw materials Fuel and light Administration salaries Factory wages Carriage outwards 258,000 21,000 17,000 59,000 4,000 21,000 00 Returns inward 482,000 7,000 General office expenses 9,000 Repairs to plant and machinery 9,000 00 Inventory at 1 January 2019: Raw materials 21,000 Work-in-progress 14,000 Finished goods 23,000 00 Sundry accounts payable 37,000 Capital account 457,000 Freehold premises 410,000 das Plant and machinery 80,000 Accounts receivable 20,000 and Accumulated provision for depreciation on plant and machinery 8,000 Cash in hand 11,000 nu- 984,000 984,000 Make provision for the following: Inventory in hand at 31 December 2019: Raw materials 25,000 Work-in-progress 11,000 Finished goods 26,000. Part 7 Special accounting procedures (ii) Depreciation of 10% on plant and machinery using the straight line method. (iii) 80% of fuel and light and 75% of rent and rates to be charged to manufacturing. (iv) Allowance for doubtful debts: 5% of accounts receivable. (v) 4,000 outstanding for fuel and light. (vi) Rent and business rates paid in advance: 5,000.