Section A (30 Marks) Pete Ory, a sole-trader, operates a retail business called Short Cuts that sells bespoke dothing. At the end of the last accounting period, 30th September 2000, the business's trial balance provides the following figures: E IDR 72.000 15.000 3.000 30,000 22.500 18.000 38.000 5,100 43.000 35.000 T 840 27.000 Shop premises (nt Cont) Future (al cost) Facturaccumulated depreciation (as at 1/10/2019) Motor Vehicles (at cost) Motor Vehicles accumulated depreciation of 10/2010 Inventory (as at 1/10/2019) Mortgage Bank overdra Trade Receivables Trade Payables Discounts received Capital Drawings Sales Purchases Salaries General Expenses 5 year Loan Rent & Rates Returns in Returns ou Cash Discount allowed Rontrovable Loan interest 2,000 128.400 75,000 32,500 3,300 32,000 6.700 2.000 000 1,200 2373 4,400 1.127 304,200 304.200 Additional information 1. The value of Inventory on 30 September 2020 is 20,000 2. A provision for doubtful debts is to be created at 10% of trade receivables 3 Rates pre-paid on 30 September 2020 amounts to E200 4. General expenses owing at 30 September 2020 is expected to be 475 and stars an accrued by 1,025 Depreciation is to be provided for as follows 10% on the reducing batang ba Motor vehicles 25 on the straight lines You are required to: (a) Prepare the statement of comprehensive income for Short Cuts for the year ending 30" September 2020. (15 marks) (b) Prepare the statement of financial position for Short Cuts as at 30 September 2020 (15 marks)