The following trial balance was extracted from the books of Rodney, a sole trader, as at 31 December 20X5 was as follows:

DR () CR ()

Capital 15,500

Drawings 4,660

Trade Receivables 6, 530

Trade Payables 5,490

Sales 71,230

Purchases 29,760

Inventory 01/01/20X5 4,340

Rates 800

Light & Heat 2,650

Wages 8,480

General Expenses 2,340

Motor Expenses 3,240

Premises 27,600

Fixtures & Fittings 6,400

Vehicles 6,600

Bank 820

5% Loan 12,000

Additional Information:

i) Closing inventory at 31/12/20X5 was valued at 4,870

ii) Light & heat due 31/12/20X5 was 120 and general expenses outstanding were 80.

iii) 240 Motor Expenses were prepaid.

iv) The loan interest of 600 has not been paid for the year.

Please make a Statement of Comprehensive Income for Rodney for the year ended 31/12/20X5 and a Statement of Financial Position as at that date.

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