what is E ?

The following are summaries of the cash book and bank accounts of Patsy Knight, a sole proprietor, who does not keep her books using the double entry system. Bank Summary $ $ Balance on 1 January 2018 60,000 Receipts: Receivables 350,000 Cash bank 22,200 372,200 432,200 Payments: Trade payables 310,000 Rent 10,100 Machinery 30,400 Wages 90,200 Insurance 8,050 Customers (dishonoured cheque) 800 Loan interest 950 (450.500) Balance on December 2018 (18,300 Cash Summary $ $ 10,000 Balance on 1 January 2018 Receipts: Cash sales Receivables 90,700 10,100 100,800 110,800 Payments: Drawings Repairs Electricity Cash banked Balance on December 2018 60,600 10,400 5,070 22,200 (98,270 12,530 The following referred to 2018 $ Bad debts written off Goods withdrawn by Patsy Knight for own use Credit note issued by Patsy Knight Discounts allowed by trade suppliers Discounts allowed to trade customers Goods returned to trade suppliers 2,040 10,200 6,040 4,040 8,000 6,900 Further checks revealed the following during 2018: During the financial year a trade debt of $10,200 owed by Linda Grayson was off set against the $20,000 owing to the same Linda Grayson a trade creditor. In addition to the goods returned above, Jane Hutton, a cash sales customer returned goods during the financial year amounting to $7,000. Jane Hutton was repaid her $7,000 from the daily cash sales. This was not yet reflected in the business records. Patsy Knight grants a credit period of 30 days to customers. The closing trade receivables' balance includes a debt of $8,000 from Favela Brown. The goods were sold to Favela in November 2017. Favela went to the United States of America for a two (2) weeks' vacation in February 2018. On December 31, 2018 Favela was still in the USA. Patsy Knight keeps a cash float of $10,000 for change in his retail outlet. Excess cash is deposited in the bank account and cash shortfall is taken from the bank. The accounting fee for preparing the 2018 financial statements is estimated at $45,000. The following additional information is also available: 1 January 2018 $ 8,300 19,800 31 December 2018 S 9,400 40,400 1,000 Inventories Machinery Rent paid in advanced Rent outstanding Trade receivables Trade payables Loan from bank at 10% Loan interest owing 1,050 18,100 15,700 17,000 19,200 14,800 17,000 750 Required: a) Prepare a statement of affair to show Patsy Knight's capital on 1 January 2018. b) Prepare the Trade receivables Control Account c) Prepare the Trade payables Control Account d) Extract a trial balance as at December 31, 2018. e) Prepare the Income Statement for the year ended 31 December, 2018 f) Statement of changes in owner's equity for the year ended 31 December, 2018. g) Prepare a COMPARATIVE Statement of Financial Position as at 31 December, 2018. h) Prepare a Statement of Cash Flow for the year ended 31 December, 2018