USE THE FOLLOWING DATA FOR QUESTIONS 11-15 The Raving Storm is a trader in hurricane shutter systems. The firm has provided the following details for the year 2017: Receipt from debtors 80,000 Bal b/d 60,000 Cash Sales 110,000 Office expense 30,000 Investment income 35,000 Wages 50,000 Disposal of equipment 48,000 Rent 42,000 Bal c/d 256,000 Loan repayment 40,000 T Payment to creditors 35.000 Rates 15,000 Loan interest 9.000 Cash Purchases 48,000 Equipment 200,000 529,000 529,000 Additional details available included the following DETAILS Jan. 01 Dec. 31 Wages prepaid 8,000 12,000 Investment income prepaid 8,500 11.000 Stock 25.000 34.200 Creditors 14,000 18,000 Equipment (Book value) 240,000 400.000 Machinery (Book value) 150.000 145.000 Motor vehicle (Book value) 85,000 78,000 Debtors 25,000 32,000 Office expenses owing 5.000 8.000 Rates owing 3,000 4,000 10% Loan 150,000 110.000 Notes i] The equipment that was sold had a book value of $30,000 ii] Discount received from supplier amount to $6.000