The following trial balance was extracted from the books of RRR Ltd at the close of business on 28 February 2018.

	Dr	Cr
	Ghs	Ghs
Purchases and sales	92,800	157,165
Cash at bank	4,100
Cash in hand	324
Capital account 1 March 2017		11,400
Drawings	17,100
Office furniture	2,900
Rent	3,400
Wages and salaries	31,400
Discounts	820	160
Accounts receivable and accounts payable	12,316	5,245
Inventory 1 March 2017	4,120
Allowance for doubtful debts 1 March 2017		405
Delivery van	3,750
Van running costs	615
Bad debts written off	730	-
	174,375	174,375

Notes

a) Inventory 28 February 2018 Ghs2.400.

b) Wages and salaries accrued at 28 February 2018 Ghs340.

c) Rent prepaid at 28 February 2018 Ghs230

d) Van running owing at 28 February 2018 Ghs72

e) Increase the allowance for doubtful debts by Ghs91.

f) Provide for depreciation as follows: Office furniture Ghs380; Delivery van Ghs1,250.

g) Accounts receivable already paid Ghs496

Required:

Draw up the income statement for the year ending 28 February 2018 together with a statement of financial position as at 28 February 2018