. Stay Safe LTE 12:36 PM @ 33% x SOPL and SOFP CL... 63 CLASS PRACTICE QUESTION The following Trial Balance was extracted from the books of Vicky a trader, Trial Balance as at 30th June 2017. DR CR N N Capital 553,500 Purchases 1,255,500 Sales 1,644,300 Repairs to building 22.896 Motor Car 25,650 Car expense 8,586 Freehold land and buildings 270,000 Balance at bank 14,580 Furniture and fittings 39,420 Salaries and Wages 232,362 Discount allowed 28,647 Discounted received 21,978 Rate and insurance 6,696 Bad debts 9,693 Provision for doubtful debts 3.780 Drawings 64,ROC Trade receivables 140,751 Trade payables 108,945 General expenses 42,822 Inventory 170.100 2,332,503 2,332,503 Additional Information: Closing Inventory N237,600 Required: Prepare Income statement for the year ended 30th June 2017 and a statement of financial position as at that date