income statement

The transactions for the first year are shown
below.

3. During the financial year credit sales totalled £500,000. The credit
customers paid £450,000 during the year. Two credit customers went
bankrupt during the year, each owing £5,000 and their debts were written
off. On the last day of the financial year the company decided to create a
provision for bad debts equivalent to 10% of the year end trade receivables.
4. On 1st December 2008 £72,000 was paid for rent for the period 1st December
2008 to 31st May 2010.
5. On 1st December 2008 equipment costing £25,000 was purchased for cash,
with an anticipated useful life of 5 years, using straight line depreciation.
6. On 1st December 2008 a vehicle costing £20,000 was purchased for cash,
with an anticipated useful life of 4 years, using reducing balance
depreciation (at twice the straight line rate).
7. During the financial year wool clothing costing £100,000 was purchased on
credit. At the end of the financial year, trade payables were still owed
£20,000, and the unsold clothing remaining had a cost value of £20,000.
8. Salaries expense for the financial year totalled £200,000 and this amount
was paid.
9. Various operating expenses for the financial year totalled £60,000 of which
£50,000 had been paid in cash by the end of the financial year.
10. In November 2009 the company received a letter from a lawyer on behalf of
one of the company’s customers. The letter claimed that the customer had
suffered skin irritation because of an allergy to wool. The directors are
worried that any court case could result in damages of £10,000 being
awarded against the company. Any court case would be heard in January
2010.
11. During the financial year an interim dividend of 1p per ordinary share had
been paid in cash.
12. On the last day of the financial year, the vehicle was sold for £11,000 cash.
Depreciation is charged in the year of disposal even if it is the same year as
acquisition.


我做左個出黎但係又唔知ARM 唔ARM...有冇人可以幫下我呀?