You have successfully secured a 3 month internship with a local business accounting and advisory firm.A Senior Business Advisor has asked you to prepare some financial information and a report for one of the clients, Mo Green Ltd.This information is to be presented at Mo Green Ltd's next Board of Directors meeting. The following information has been made available to you:

Client: Mo Green Ltd

Mo Green Ltd has celebrated 25 years of selling, servicing and repairing garden furniture and equipment both in store and on-line.The information for the latest financial year ending 31 January 2020 is:

List of balances from financial records as at 31 January 2020

Word File Edit View Insert Format Tools Table Window Help AN 17%[ Tue 17:57 Q DE 88 Q Search TW . . BU12003 (1AN) Final Assessed Coursework ebt 2019-20 (1) Q . Search in Document Home Insert Draw Design Layout References Mailings Review View Table Design Layout '+ Share ~ HD Times New R... . 10 A- A AT A AaBbCcDdEe AaBbCcDdEe AaBbCcDdEe AaBbCcDdEe AaBbCcDc AQBbCcDdEe AaBb( AaBbCCDdEd AaBbCcDdEe AaBbCcDdEe AaBbCcDdEe AaBbCcDdEe Paste B I U . abe X2 X2 A . A. Heading 2 Heading 3 Normal No Spacing Heading 1 Heading 4 Title Subtitle Subtle Emph Emphasis Intense Emp. Strong Styles Pane DED List of balances from financial records as at 31 January 2020 staller E Bank account 26,680 Bank interest received 00 Bank loan - repayable 1 October 2023 50,000 Delivery Costs (purchases from suppliers) 7,710 Directors' Salaries 159,400 Inventory as at 1 February 2019 154,080 Land and Buildings at cost 830,000 Land and Buildings - accumulated depreciation at 1 February 2019 264,000 ver Loan interest 1,500 Motor Expenses - note (vi) 27,750 12 Motor Vehicles at cost 180,000 Motor Vehicles - accumulated depreciation at 1 February 2019 94,500 225,000 ver Fittings and Equipment at cost Fittings and Equipment - accumulated depreciation at 1 February 2019 137,800 Other Administration Expenses 14,702 Property Expenses - note (iii and vi) 42,200 Purchases 511,840 2069- Retained Earnings at 1 February 2019 609.968 C.JPG Salaries and Wages - note (vi) 156,095 Sales Staff Commission 32,545 Sales 1,084,850 Share Capital - ordinary E1 shares 100,000 Trade Payables 63,350 7.MP4 Trade Receivables - (note v) 35,666 Additional information: (i) The inventories were counted at 31 January 2020 and have been valued at a cost of $133,515 and selling price of $247,250. Page 2 of 3 721 words [x English (United States) Focus 3 E + 200% d46-4 Slide 8 of 16 English (United Kingdom) Notes Comments 9 :: 5 124% EX erem...AS4Zo 2 Gee-b6d. ae 3. JPG 30 & i(v) Included in trade receivables is $4,230 owing from a customer that has recently gone into liquidation. This amount is to be written off as a bad debt. (vi) The following expenses are to be allocated on the basis of: Cost of Administration | Distribution Sales Expenses Costs Buildings - depreciation charge 40% 20% 40% Fittings & Equipment - depreciation charge 40% 20% 40% Motor Expenses n/a 40% 60% Motor Vehicles - depreciation charge n/a 40% 60% Property Expenses 40% 20% 40% Salaries and Wages 60% 20% 20%