Blenkinsopp, a retailer who does not keep proper books of account, provided the following summarized financial information on his activities for the year ended 31 March 19_6:

Required:

(a) A trading and profit and loss account for the year ended 31 March (10 marks)
1986.

(b) The balance sheet as at 31 March 1986.

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Balances 1 April 19_5 Government stock interest Shop takings (including receipts from credit sales) Sales proceeds of government stock held privately Cash Bank 600 4 500 Drawings 250 Shop takings banked Purchase of micro- 56 600 46 500 computer for stock control Rent and rates Advertising 3 000 Wages and salaries Lighting and heating Repairs to computer printer Creditors for goods Motor vehicle expenses Cash Bank 2000 9.000 46 500 3.600 1000 150 100 5.000 350 100 1 100 28 900 80 600