The following trial balance was prepared from the books of Ben Gobvy. Trial Balance as at 30 June 2018 Dr $ Capital 30 680 Purchases and sales 92 000 125 000 Inventory.1 July 2017 12 000 Returns Inwards 5 000 Customs Duty 8000 Motor vehicles at cost 15 000 Furniture and fittings at cost 6000 Provision for depreciation 1 July 2017: Motor vehicles Furniture and finings 420 Trade Receivables and Trade Payables 11 000 12 400 Provision for bad debts, 1 July 2017 600 Stationery 3 600 General expenses 7000 Drawings 8 500 Bank 3 500 1600 2500 The following additional information is also available: Inventory was valued at $17000 on 30 June 2018 An invoice of 53 000 for goods bought during the year from James Moyo had not been recorded. Gil) Customs duty, S2000 was included in general expenses. (iv) Depreciation is provided as follows: Motor vehicles et pa on reducing balance method. Furniture and finings at 4% pa. on cost (1) Inventory of stationery was $300 cc 30 June 2018. (vi) Provision for doubtful debes is to be adjusted to 5% of trade receivables. Scanned with CamScanner Candidate Name Cone Number Candidate Number 3 Prepare an Income Station for the year ended 30 June, 2018