The Trial Balance extracted on the 31st December, 2010 is shown below for Compu Express Ltd., a dealer in Computers.
a) Closing stock at 31.12.10 is $2,800.
b) All the assets should be depreciated at 10% on a straight line basis.
c) There is an accrual of $500 on Rent and rates.
You are needed to make an Income Statement for the period ending 31.12.2010