The Trial Balance of Supercomfort Corp at 30 June 2020 is given as below.

The following information as at 30 June 2020 are as follows:

1. Inventory at 30 June 2020 is valued at $49,371.

2. The share capital consisted of 25,000 ordinary shares and 25,000 of 10% preference shares. The dividend on the preference shares was yet to be paid and a dividend of 20% on the ordinary shares was proposed.

3. Rent of $1, 000 and directors remuneration of $2,500 are accrued. Insurance prepaid is $300.

4. Depreciation on cost: Equipment 10%; Motor vehicles 20%.

5. Transfer to General Reserve $1, 000.

6. Corporate tax is $2, 000.

Required:

Prepare the Statement of Comprehensive Income, and Statement of Financial Position as at 30th June 2020 for internal use.

	DR ($)	CR ($)
Share capital		50,000
Inventory at 30/6/19	38,295
Trade receiveables	26,890
Trade payables		12,310
10% debentures		20,000
Revaluation reserve		16,000
Retained earnings		3,940
Debenture interest	1,000
Equipment at cost	35,000
Motor Vehicle at cost	28,500
Bank	3,619
Cash in hand	180
Sales		99,500
Purchases	68,600
Returns	1,150	2,250
Carriage inwards	240
Wages & salaries	11,000
Rent, assessment & insurance	5,170
Discounts	1,246	640
Director's remuneration	2,500
Accumulated depreciation: Equipment Motor Vehicle		8,400 10,350
	223,390	223,390