Use the data below to answer the questions 1 7 below:

Although Janet Lambert has run a small business for many years, she has never kept adequate accounting records. However, a need to obtain a bank loan for the expansion of the business has necessitated the preparation of final accounts for the year ended 31 December 2017. His bank account for the year 2017 is as follows:

$ $

Balance 1/1/2017 1,920 Cash withdrawn from bank 12,600

Receipts from debtors 94,200 Trade accounts payable 63,400

Loan from Kowus 2,500 Rent 1,900

Insurance 3,200

Drawings 11,400

General expenses 820

_____ Balance 31/12/2017 5,300

98,620 98,620

Records of cash paid were: General expenses $2,180; Trade accounts payable $3,310, Rent $2,110, Drawings $3,000.

The following information is also available:

31/12/2016 31/12/2017

$ $

Cash in hand 194 2,272

Trade accounts payable 7,300 8,100

Accounts receivable 9,200 11,400

Rent owing 510 360

Insurance paid in advance 340 400

Van (at valuation) 15,500 14,600

Inventory 24,200 27,100

1. Calculate the sales figure for the year ending 2017
2. Calculate the purchases figure for the year ending 2017
3. Calculate the Rent figure for the year ending 2017
4. Calculate the Insurance for the year ending 2017
5. Calculate the Total expenses for the year ending 2017
6. Calculate the net profit for the year ending 2017.
7. Calculate the current asset as at 31/12/2017.