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The following trial balance has been extracted from the books of Moira as of 31 March 2019: DR CR Interest income received 6000 Insurance 2200

The following trial balance has been extracted from the books of Moira as of 31 March 2019:

DR

CR

Interest income received

6000

Insurance

2200

Inventory (on 1 April 2018)

8000

Drawing

3000

Bank

10000

Vehicle at cost

6000

Capital

25000

Land

40000

Wages / Salaries

5000

Creditors

7000

Debtors

5000

Electricity

1800

Miscellaneous expenses

4600

Purchases

12400

Sales

60000

98000

98000

Additional information:

  1. Inventory on 31 March 2019 was 1000.

Required:

  1. Prepare Moiras Income statement for the year to 31 March 2019

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