10 January Ronald introduced $13,000 cash as capital 11 January Ronald bought a machine for $10,000 by cash 10 January Pays a rent bill of $3,600 for the 18 months 12 January Purchased merchandise...

10 January Ronald introduced $13,000 cash as capital
11 January Ronald bought a machine for $10,000 by cash
10 January Pays a rent bill of $3,600 for the 18 months
12 January Purchased merchandise inventory for $1,800 cash
12 January Paid transportation expenses for merchandise inventory, $50
14 January Sold inventories on credit for $1,222. Cost of these sales are $839.
16 January Cash received from trade receivables amounted to $192
31 January Cash sales during January were $1,956. Cost of these sales is 1,600
31 January Depreciation is to be calculated on a straight line basis and recorded as $100
Required
Prepare:
(iv) a statement of profit or loss (income statement) for the year to date;
(v) a statement of financial position (balance sheet).