The following balances were extracted from the books of Mali Mingi Limited as at 31 August 2021: Particulars	KES 000
Capital: Authorized	3,500
Issued and fully paid ordinary shares of KES. 20 each	2,500
8% redeemable preference shares of KES. 20 each	600
9% debentures	800
Retained earnings as at 1 September 2020	1,990
Land	200
Buildings at cost	1,800
Provision for depreciation-buildings as at 1 September 2020	600
Fixtures and fittings at cost	4,000
Provision for depreciation-fixtures and fittings as at 1 September 2020	800
Sales	5,060
Inventory as at 1 September 2020	900
Purchases	3,050
Establishment expenses	270
Administration expenses	600
Discounts allowed	60
Discounts received	40
Allowance for doubtful debts	40
Trade receivables	1,290
Trade payables	500
Bank balance	760