The group is considering taking over a new retail business Alpha Sports Stores Limited. Financial accounts have not yet been prepared for the year but you have been provided with the trial balance. You are asked to prepare a set of financial statements from the trial balance information to support the board of directors decision about the potential takeover. You must: prepare a set of sole trader financial statements from the information contained in Appendix 1

Appendix 1 1. Alpha Stores had an opening inventory of 32000 2. Depreciation is no