You are provided with the following Trial Balance at 30 June 2019 for Maloney Co. This company uses the perpetual inventory system.

Required:

1. Prepare a Ten Column Worksheet.
2. Prepare the Income Statement for the year ended 30 June 2019.
3. Prepare the Balance Sheet as at 30 June 2019.

Maloney Co Trial Balance at 30 June 2019
	$	$
Accumulated Depreciation - Van		13,000
Advertising	3,900
Bank	720
Capital		15,270
Accounts Payable		5,250
Accounts Receivable	6,000
Delivery Van	60,000
Discount Allowed	400
Insurance	900
Investments	20,000
Mortgage		24,000
Inventory at 30/6/2019	10,900
Cost of Goods Sold	117,700
Rent	13,000
Sales		220,000
Wages - Office	25,000
Wages - Sales	20,000
GST Paid	2,000
GST Collected		3,000
	280,520	280,520
Additional Information Balance Day Adjustments still to be recorded:
Prepaid rent	1,100
Depreciation - Van	2,100