The Company Ltd commenced business as a wholesaler and distributor on 1 January 2006. Share capital of $150,000 was paid in on that day. It operated from leased premises at a cost of $10,000 per annum. Delivery trucks costing $200,000 were purchased immediately, with $140,000 being paid in cash and the vendor accepting two notes, each of $30,000, due 31 December 2007 and 31 December 2008. Interest of 12% per annum is payable on 31 December each year. The trucks are being depreciated at 20% per annum on the reducing balance.
The first financial statements covered the six months to 30 June 2006.

A year later the assets of the company comprised the delivery trucks, accounts receivable of $156,000, inventories of $78,000 and cash at bank of $45,800. Estimated taxation of $17,000 owed at that date for the 2007 year in addition to the notes and any accrued interest. Interest is paid on the due dates.

I know 30 June 2007 RE is 193,200 but do not know how to find out. help.