From the trial balance below:            
    Identify each item using a letter:            
    "g" if the item is needed for gross profit            
    "e" if the item is an expense            
    "ca" if the item is an current asset            
    "fa" if the item is a fixed asset            
    "cl" if the item is a current liability            
    "fl" if the item is a fixed liability            
    "c" if the item affects capital            
    "r" if the item is a revenue            
    "d" if the item is data used in a calculation             
    Then complete the income statement.            
    Enter all items in the order given in the trial balance and EOYA        
    Use ADD as an abreviation for "allowance for doubtful debts".        
    Income statement depreciation: "*asset name* depreciation".        
    Balance Sheet description: "less accumulated depreciation".        
    ID Trial Balance (TB) DR CR        
    Opening Inventory £3,600          
    Returns £2,700 £4,800        
    Sales   £325,000        
    Cash £3,400          
    Accounts Payable   £17,300        
    Capital   £179,050        
    Accounts Receivable £23,500          
    Allowance for Doubtful Debts   £500        
    Commissions   £10,200        
    Buildings £650,000          
    Discounts Received   £2,100        
    Discounts Allowed £1,300          
    Acc Depreciation Buildings   £32,500        
    Machinery £95,000          
    Acc Depreciation Machinery   £8,000        
    Carriage Out £4,600          
    Bank £14,500          
    Rent   £8,000        
    Purchases £125,000          
    Bad Debts £370          
    Loan (Repay next year)   £30,000        
    Drawings £2,300          
    Mortgage   £350,000        
    Insurance £3,400          
    Carriage In £780          
    Wages £37,000          
    End of Year Adjustments:            
    Closing Inventory 7400          
    Allowance for Doubtful Debts rate 5% of debtors        
    Depreciation Method:          
    3% straight line          
    5% reducing balance        
      Income Statement £ £        
      EOYA Expenses (use EOYA order)            
      Balance Sheet £ £ £