V18 01 January Kirill introduced $17,000 cash and a vehicle (costing $2,000) as capital 01 January Purchased a machine by cash, $1,800 01 January Received a bank loan principal $2,100 02 January...

V18
01 January Kirill introduced $17,000 cash and a vehicle (costing $2,000) as capital
01 January Purchased a machine by cash, $1,800
01 January Received a bank loan principal $2,100
02 January Purchased furniture on credit, $2,000
17 January Invoiced a customer for services, $1,900
21 January Bought goods for cash, $1,400
22 January Sold goods on credit, $2,500
31 January Accrued wages, $800
31 January Paid interest expense, $10
Cost of goods available at 31 January is $110, their market value is $140.
Required
Prepare:
(iv) a statement of profit or loss (income statement) for the year to date;
(v) a statement of financial position (balance sheet).