The following list of balances as at 30 September 20X9 has been extracted from the books of Brick and Stone, trading partnership, sharing the balance of profits and losses in the proportions 3:2 respectively. Ksh Ksh Printing, stationery and postage 3,500 Sales 322,100 Stock in hand at 1 October 20X8 23,000 Purchases 208,200 Rent and rates 10,300 Staff salaries 36,100 Telephone charges 2,900 Motor vehicle running costs 5,620 Discounts allowable 950 Discount receivable 370 Sales returns 2,100 Purchases returns 6,100 Carriage inwards 1,700 Carriage outwards 2,400 Fixtures and fittings: at cost 26,000 Provision for depreciation 11,200 Motor vehicles: at cost 46,000 Provision for depreciation 25,000 Provision for doubtful debts 300 Current account balances At 1 October 20X8: Brick 3,600 Stone 2,400 Capital account balances At 1 October 20X8: Brick 33,000 Stone 17,000 Debtors 44,300 Creditors 8,400 Balance at bank 16,400 429,470 429,470 Additional information Interest on capital is at 10% per annum. Stone is to be credited with a salary at the rate of ksh 12,000 per annum from 1 April 20X9. Stock in hand at 30 September 20X9 has been valued at cost at ksh 32,000. Telephone charges accrued due at 30 September 20X9 amounted to ksh 400 and rent of ksh 600 prepaid at that date. During the year ended 30 September 20X9 bank drawings were sh 10,000 and 12,000 Brick and Stone respectively. Interest on drawings is 5% per annum. Depreciation is to be provided at the following annual rates on the straight line basis: Fixtures and fittings 10% Motor vehicles 20% Required: (a) Prepare the Income Statement for the year ended 30 September 20X9. (b) Prepare a Statement of Financial Position as at 30 September 20X9 which should include summaries of the partners capital and current accounts for the year ended on that date