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SECTION B The following balances are extracted from the books of Happy-go Lucky Stores for the year ended 30 June 2018. 1. Prepare the

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SECTION B The following balances are extracted from the books of Happy-go Lucky Stores for the year ended 30 June 2018. 1. Prepare the Statement of Comprehensive Income of Happy-go-Lucky Stores for the most recent accounting period. Capital General reserve DR CR 100 000 40 000 Sales 80000 Discount allowed 400 Discount received 200 Carriage inwards 1000 Carriage outwards 800 Trade receivables 10000 Trade payables 2000 Stock at 1 July 2017 10000

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