V3. The trial balance of Alfa shows the following balances at 31 December 2021: ouersOLEY Issued share capital (500,000 shares) Dr $000 Cr 5000 500 20 Finance costs 70 Retained earnings 1 January 104 2021 Share premium Inventory (raw materials) at 1 January 2021 Revenue Purchases 60 1092 590 Purchases returns Sales returns 28 Carriage outwards 28 Work-in-progress at 1 80 January 2021 Intangible assets 170 Administrative wages 30 Warehouse plant and 92 equipment - cost 26 Accumulated depreciation- 1 January 2021 50 Delivery vehicle hire 20 Distribution expenses 10 Administrative expenses 30 Directors' salaries 30 Sales allowances 6 Investment income 30 Bank overdraft 20 Trade receivables Cash at bank Land 380 110 120 1848 1848 deduction of Receivable Additional information: (1) (2) (3) Inventories at 31 December 2021 were valued at $10,000. Work-in-progress at 31 December 2021 was valued at $20,000 Depreciation charges for the year amounting to $27,000 and $5,000 have been included in distribution costs and administrative expenses, respectively.