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The balances below were extracted from the books of Akon District Assembly for the year ended 31 December, 2017

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The balances below were extracted from the books of Akon District Assembly for the year ended 31 December, 2017. Basic rate Court fines Slaughter house fees Conferences and workshops Salary subvention from central government Utilities Office consumable Lorry park fees Market toll Purchase of office equipment Fixed deposit Advances and loans to staff Loans from GCB Share of district assembly common find Accounts payable Cash and bank Repairs and maintenance Consultancy Allowances to staff Contract retention Royalties from sand wining Share of stood land revenue Market store rent Hawkers licenses Herbalist licenses Salaried post Assembly members allowance Construction of market facility Donnor partner support Accumulated fund (Dr.) GHC'000 7,000 2,000 400 800 10,400 1,000 611 501 980 5,602 3,450 877 5,100 14,500 860 740 340 344 444 250 67 185 345 15 13 9,980 420 22,200 6,500 2,308 Notes: i) Expenditures are classified in accordance with the Ghana Integrated Financial Management Information System (GIFMIS). Required: a) Prepare Revenue and Expenditure Statement for the year ended 31 December, 2017 suitable for publication in accordance with the relevant laws and standards. b) Prepare the Statement of Financial Position as at 31 December, 2017