The following trial balance was extracted from the books of a partnership fim of Sofoa and Siaw who share profit and losses equally on 31/12/2014 CR'GH& 240,000 240,000 DR'GHE Capital: Safoa Siaw Current account: Safoa 4,000 Siaw 6,000 Drawings: Safoa 32,000 Siaw 36,000 240,000 Premises Debtors and creditors 320,000 200,000 10,000 Provision for bad debts 800 4,000 2,000 Discounts Bad debts Purchases and sales 340,000 3,200 180,000 1,120,000 2,400 Returns Fixtures and fittings 4,000 Carriage Stock (1/1/2014) Salaries 140,000 56,000 Wages 104,000 Rates 16,000 Insurance 5,600 Office expenses Cash at hand 4,400 28.000 1.819.200 1819.200 The following additional information is given: i. Stock at 31/12/2014 GH84,000 ii. Carriage include carriage inwards of GH2,400 iii. Wages owing GH16,000 Provision for bad debts is to be increased to 10% of outstanding debtors Fixtures and fittings is to be depreciated at 10% per annum vi. Interest on capital is at 5% vii. Safoa is to receive a salary of GH20,000 iv. v. Required: Prepare an Income Statement for the year ended 31/12/2014, Income Statement Appropriation Account, Current Account of the Partners and the Statement of Financial Position as at that date.