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Y Sanchez Trial Balance as at December 31, 2018 Additional information i. Closing Inventory $20000 ii. Wages expense owed $200 iii. Stationery expenses prepaid $500

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Y Sanchez Trial Balance as at December 31, 2018 Additional information i. Closing Inventory $20000 ii. Wages expense owed $200 iii. Stationery expenses prepaid $500 iv. Depreciate Fixtures at the rate of 10% using the straight- line method. v. Depreciate Furniture at the rate of 10 using the reducing balance method vi. Create a provision for doubtful debts for $500 Required: (a) Y Sanchez Income Statement for the year ended December 31, 2018. (b) Y. Sanchez classified Balance Sheet as at December 31, 2018

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