Abdullah Electronics Ltd.
Comparative Statement of Financial Position
31 December, 2023

	Amount in Tk.
Assets	2023	2022
Equipment	60,000	78,000
Accumulated depreciation Equipment	(29,000)	(24,000)
Inventory	30,000	20,000
Accounts receivable	33,000	14,000
Cash	37,000 ━━━━	20,000 ━━━━
Total	1,31,000 ══════	1,08,000 ══════

Equity and Liabilities :

Share capital Ordinary	18,000	14,000
Retained earnings	50,000	38,000
Bonds payable	27,000	33,000
Accounts payable	29,000	15,000
Income tax payable	7,000 ━━━	8,000 ━━━
Total	1,31,000 ═════	108,000 ══════

Abdullah Electronics Ltd.
Income Statement
For the year ended on December 31, 2023

	Amount in Tk.
Sales revenue	2,42,000
Cost of goods sold	1,75,000
Gross profit	67,000
Operating expenses	24,000
Income from operations	43,000
Interest expenses	3,000
Income before income tax	40,000
Income tax expenses	8,000
Net Income	32,000

Additional Information

1. Depreciation expenses is TK. 13,300.
2. Dividend declared and paid were Tk. 20,000.
3. During the year equipment was sold for Tk. 9,700 on cash. This equipment cost Tk. 18,000 originally and had accumulated depreciation of Tk. 8,300 at the time of sale.

Instructions :