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See the clear drawings figure on the second photo Donald Brown, a sole trade, extracted the following trial balance on 31 December 2020 . The

See the clear drawings figure on the second photo
image text in transcribed
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Donald Brown, a sole trade, extracted the following trial balance on 31 December 2020 . The following information as at 31 December is also available. (a) \$218 is owing for motor expenses. (b) $680 has been prepaid for rent. (c) Department is to be charged for the year as follows. Motor vehicles: 20% on cost Fixtures and fittings: 10% reducing balance method (d) Inventory at the close of business was valued at $19,926. Required (a) Prepare Donald Brown's statement of profit or loss for the year ended 31 December 2020. (b) And the Statement of financial Position as at that date

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