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

1. Interest on capital is at 10% per annum.
2. Stone is to be credited with a salary at the rate of ksh 12,000 per annum from 1 April 20X9.
3. Stock in hand at 30 September 20X9 has been valued at cost at ksh 32,000.
4. Telephone charges accrued due at 30 September 20X9 amounted to ksh 400 and rent of ksh 600 prepaid at that date.
5. 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.
6. 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.