The owner of the Block Shop, a retail hardware store, has provided you with their account balances for year ending 30 June 2018 are presented below. Accounts Capital - C. Gun Drawings Cash at Bank $ 151 900 24 000 18 500 20 500 Inventory Land and buildings Shop fittings Sales revenue Cost of sales 116 900 12 000 205 000 86000 30 000 Accounts Receivable Accounts Payable Office expenses 12 000 3 250 - Salaries Sales staff 48 000 - Salaries Office staff 17 600 Advertising expense Bank Loan Computer Equipment Delivery expense 7 000 50 500 12 000 1 650 Petty cash on hand 100 Sales commissions paid 5 400 Accumulated Depreciation- 4 000 Shop Fittings GST Payable 7 100 PAYG Withheld 8 400 Delivery van 36 000 The following balance day adjustments have NOT been completed: Wages (sales staff) owing at balance date - $1,250 Depreciation on the shop fittings - 10% on cost Depreciation on computer equipment 25% on cost Depreciation on vehicle 20% on cost Assume full year depreciation for computer and vehicle acquired at start of the year. Required: From the information above prepare for 2018: i) a properly classified Profit and Loss Statement ii) a properly classified Balance Sheet