Trial Balance as at 31 December 2016 Sh Sh Sales 1,38 0,780 Purchases 823,500 Carriage 51,440 Drawings 78,000 Rent, rates and insurance 66,220 Postage and stationery 30.010 Advertising 13,300 Salaries and wages 264,200 Bad debts 8,770 Provision for doubtful debts 1,300 Debtors 121,200 Creditors 64,710 Cash in hand 1,770 Cash at Bank 10,020 Inventory as at December 31" 2015 119,270 Property, plant and Equipment at cost 580,000 Accumulated depreciation on Property, plant and equipment 190,000 Capital 530.910 2,167,700 2,167,700 The following additional information as at 31 December 2016 is available: 1) Rent is accrued by Sh 2,100. 2) Rates have been prepaid by sh8, 800. 3) Sh 22, 110 of carriage represents carriage inwards on purchases. 4) Equipment is to be depreciated at 15% per annum using the reducing balance method 5) The provision for doubtful debts to be increased to 2,600. 6) Inventory at the close of business has been valued at sh.135, 510. Required: (i) Comprehensive income statement for the year ended 31 December 2016 (8marks) (ii) Statement of Financial Position as at 31 December 2016 (7marks)