S. Shngrn carries on a retailing business. The following balances have been extracted from his books on 30 September 2019. Additional information 1. Inventories on hand on 30 September 2019 were valued at $12,972. 2. Provision is to be made for the liabilities and accrued expenses as at 30 September 2019 : rent 450; lighting and heating 136; Travellers' commission and expenses 806; accounting charges E252. 3. Allowance for doubtful debts is to be raised to 3% of the closing balance of trade receivables. 4. Office furniture and equipment is to be depreciated by 10% on net book value. 5. S. Shngrn had removed inventory costing f112 for his own use during the year. Required: a. Prepare a statement of profit or loss for the year ended 30 September 2019 grouping expenses under suitable headings. b. Prepare a statement of financial position as at 30 September 2019