The following trial balance was extracted from the books of Tobitha Memorial Enterprise as at 31^st December, 2013:
Debit Credit
GHS GHS
Inventory (1st January 2013) 45,000.00
Machinery at st 88,000.00
Provision for depreciation on machinery 12,000.00
Bad debts 5,000.00
Accounts receivable and payable 28,000.00 19,000.00
Return inwards and outwards 3,000.00 6,000.00
Discount allowed and received 8,000.00 16,000.00
Furniture at cost (GHS75,000.00) 68,000.00
Long term loans 86,000.00
Capital 120,000.00
Cash in hand 23,000.00
Cash at bank 54,000.00
Wages and salaries 17,000.00
Commission received 24,000.00
Rent and rates 13,000.00
Provision for doubtful debt 2,000.00
Purchases and sales 49,000.00 123,000.00
Carriage on sales 7,000.00
408,000.00 408,000.00

Additional information:
1. Inventory (Dec 31^st 2013): GHS34,000.00
2. Increase provision for doubtful debt to 10%
3. Wages and salaries prepaid amounted to GGS2,000.00
4. Depreciate machinery at 15% per annum on diminishing balance method, but 10% per annum on cost for furniture
5. Rent and rates accrued was GHS3,000.00

Required to prepare for Tibitha Memorial Enterprise;
a. Statement of comprehensive income for the year ended 31^st December 2013
b. Statement of financial position as at 31^st December 2013Question:
The following trial balance was extracted from the books of Tobitha Memorial Enterprise as at 31^st December, 2013:

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