The following trial balance was extracted from the books of M Meen on 31/12/2015 Particulars Debit Credit Equipement rental 940 Insurance 1.804 194.272 Capital Cash at Bank Light and heating 9.346 1.990 Drawings 44,000 Motor expenses 2,350 174.000 42.000 Accounts payable Accounts receivable 45,000 Salaries 48.580 Sales 385,420 Purchases 245.950 Discount Allowed Discount Received 926 19,400 Machinery Other Debtors 44,516 20,982 Other Creditors Opening inventory LOL 15 500 Fixtures 4.600 42.600 643.600 Additional information: Inventory at 31/12/2015 was 23000. Prepare Income statement for the year ending 30/4/2016