The following trial balance was extracted from the records of Yaw LTD as at 31st Decen Ghc Dr. Ghc Cr. 41.235 6150 2100 39500 94.000 1200 Capital Drawings Stock in trade (Ist January 2018). Purchases. Sales. Return outwards. Carriage outwards General expenses. Motor expenses. Salaries Discount allowed Dcount received Rent and rates Insurance Bad debt written off Provision for bad and doubtful debt Premises at cost Furniture and fixtures Motor van at cost 1060 1250 1900 24500 550 200 950 500 1,200 700 25,000 15.000 8950 Cash in hand 550 Cash at Bank Debtors and Creditor 5130 19 50 16.055 153790. 153790 Additional information The following information should be taken into consideration. (i)Stock in trade at 3ist December, 2018was GH 2500 Provision of doubtful is to be adjusted to 8% of debtors Prepaid insurance GH70: Motor expenses outstanding GH60 (iv). During the year Yaw withdrew goods costing GH 130 for his private use. No entries have been made in the books for the withdrawal. (iv) Provide for depreciation for the year: furniture and Fixtures GH3,000 and Motor van 20% on cost. You are required to prepare: Income statement account for the year ended 31st December, 2018 and Financial position as at 31st December, 2018