The accounts of Z Ltd for the year ended 31st December 2022, shows the following: Particulars $ Work Office Salaries 6,500 Administrative Office Salaries 12,600 Cash Discounts allowed 2,900 Carriage Outward 4,300 Carriage Inward 7,150 Bad debts written off 6,500 Repairs to Plant and Machinery Rent, rates,taxes, Insurance etc 4,450 Factory 8,500 Office 2,000 Sales Stock of Raw materials: 4,61,000 1st Jan., 2022 48,000 31st Dec., 2022 62,800 Materials Purchased 1.85,00 Travelling Expenses 2,100 Travellers Salaries and Commission 7,700 Productive Wages 1,26,000 Depreciation on Plant and Machinery 6,500 Depreciation on Office Furniture 300 Directors Fees 6,000 Gas and Water (Factory) 1,200 Gas and Water (Office) 400 Managers Salary (1/4 Office and 3/4 Factory) 10,000 General Expenses 3,400 You are required to prepare a cost statement for the year ended 31st December, 2022. 461,000 48,000 62,800 185,00 2,100 7,700 126,000 6,500 300 6,000 1,200 400 10,000 3,400