The following trial balance was extracted from the books of Sandros, a sole trader, at the close of business on 31 January 1996:

Debtors and creditors DR () 9.660 CR () 4.960 Wages and salaries 6.980 Rates and insurance Drawings Capital account 1260 3 240 5 420 Purchases and sales Delivery van Bad debts written off 17 480 37 380 2 400 Depreciation on van 1/2/95 Cash in hand. Stock at 1 February 1995 Rent Fixtures and fittings 1 040 80 600 4140 3 .300 1 400 Depreciation on fixtures 1/2/95 140 Discounts 760 480 Van running expenses Provision for bad and doubtful debts 1220 360 General office expenses Bank overdraft 580 4 200 53 540 53 540 The following information should also be taken into account: (i) rates prepaid at 31 January 1996 140; (ii) stock at 31 January 1996 of 3900; (iii) rent prepaid at 31 January 1996 - 300; (iv) wages and salaries accrued at 31 January 1996 of 320; (v) provision for depreciation should be made as follows: fixtures and fittings 10% of cost. van 25% of cost; (vi) The provision for doubtful debts is to be increased to 460.

Required : Prepare the trading and profit and loss accounts for the year ended 31 January 1996 and the balance sheet at that date.