Agyakoo is a vehicle spare parts dealer in Aboisokai. He pays into his Bank Account the amount of his cash takings after keeping an amount of GH¢2,000 per week for personal use and after payment of wages and other expenses, which for the Accounting period ending 31st December 2014,were as follows:

You are required to:
i. Prepare Income Statement for the year ending 31st December 2014.                                                                           (10 marks)

ii. Prepare Statement of Affairs as at 1st January 2014.                                                                                                      (2 marks)

iii Prepare Statement of Financial Position as at 31st December 2014.                                                                              (8 marks)