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The following financial information relates to Grand Investment: Details Pula Amount Capital 8 3 8 8 7 Trade accounts receivable 2 4 5 0 0

The following financial information relates to Grand Investment: Details Pula Amount Capital 83887 Trade accounts receivable 24500 Purchases 135680 Sales 259870 Trade accounts Payables 19840 Returns out 13,407 Allowance for doubtful debts 512 Discount allowed 2306 Discount received 1750 Returns inwards 5,624 Carriage outwards 4562 Drawings 18440 Carriage inwards 11830 Rent rates and insurance 25973 Heating ,stationery and telephone 11010 Advertising 2410 Salaries and wages 38521 Bad Debts 2008 Cash in hand 534 Cash at bank 4440 Inventory as at 1 May 202315654 Fixtures and fittings - at cost 120740 Accumulated depreciation 1 May 202363020 Depreciation 12074(a) Prepare an Income Statement for the business for the year ended 30 April, 2024.

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