Share capital - 1.00 shares [Authorised 2m shares; Issued 1m shares] Share Premium Retained earnings at 30/09/2019 Purchases/Sales Sales returns (already deducted from trade receivables) Assets and Expenses '000 6,000 Income, liabilities and Equity '000 1,000 300 200 9,000 200 Opening Inventories 01/10/2019 Trade Receivables (Debtors) / Trade payables (Creditors) 1,100 1,000 400 Provision for bad & doubtful debts - 1/10/2019 Bad Debts written off during year ending 30/09/2020 Salaries & other operating costs (including rent) Equipment: cost (See note 2) Equipment: accumulated depreciation - 01/10/2019 Buildings (See note 3) 100 140 500 3,000 800 2,500 Buildings revaluation reserve (See note 3) 700 Bank Loan @ 4% per annum interest rate (see note 4) 3,000 Bank balance 700 Corporation taxes paid {60% of the overall levy (charge) for year ending 30/09/2020} 300 Interim dividends paid (6c per share) 60 15,500 15,500