Sund Ahmed Hai Adan Layout A12_RA - Word Search References Maling Review View Help 9. The Income Statement of Gold Books Pty Ltd is given below. Income Statement for the year ended 31 December 2019 2018 $ $ Revenue 60 000 40 000 100 000 70 000 30 000 72 000 53000 125 000 80 000 45 000 Sale of books Total revenue Less purchases Gross Profit Less expenses Salaries Advertising Other expenses Net Profit 7000 5000 8 000 10 000 9000 7000 4000 25 000 Required: Prepare the Common size income statement of Gold Books I'ty Ltd Common size Income Statement for the year ended 31 December 2018 Revenue 57.60% 42.40% 100% (64%) Sale of books Total revenue Less purchases Gross Profit Less expenses Salaries Advertising Other expenses Net Profit (7.296) (7%) (595) 10% Suad Ahmed Hashi AT2 RFA Word References P Review Search View Layout Mailings Help QUESTIONS - PART 2 Andrew Smith and Ross Blake are partners in 'Best Furniture Lid', a retail furniture store. The business began trading in July 2016. The trial balance for the business as at 30 June 2019 is shown below: Account Name Debit Credit Cash 36,801 Accounts Receivable 8,725 Discount Received 600 Inventory 30,713 Prepaid Insurance Motor Vehicle Computer Equipment Store Equipment Accounts Payable 10,630 Interest Income 335 Capital - A.Smith 60,000 Capital - R. Blake 10.000 Sales Revenue 152.900 Cost of Sales S8.00 Electricity Expense 1150 Wages Expense 23,650 Telephone Expense 2.000 Rent Expense 1.200 Insurance Expense 600 Doubtful Debts Expense 149 Depreciation Expense-Store Equipment 2,427 Depreciation Expense - Motor Vehicle Loan Payable 270,495 270495 - Suad Ahmed Hashi Adan SA d Share erence Mailings Review View Help Required: i. (BSBF1A412: 21,23,2.4) Prepare an income statement for the period ended 30 June 2019. (Note: Profit is distributed on the following basis: A. Smith 1/5, R. Blake 4/5). Total Revenue 152,930 Sales Revenue Discount Received Interest Income Total Revenue Total Expenses 88.00 Eletricity Expenses 23 650 2.000 Telephone penes Rew Expenses Insurance Expenses Doubtful Debt Expenses Depreciation Expenses Store Equipment Depreciation Expenses - Motor Vehicle Total Expenses AQ VA 2004 ATRIA - Word Search Sund Ahmed References Mailings Review View Help 2. (BSBF1A412: 2.3,2.4, 2.6) Prepare a balance sheet as at 30 June 2019