=+The Directors decide to appropriate £5,000 to General Reserve and to recommend a dividend of 20%, less income tax, on the paid up share capital, the calls in arrear having since been received.

You are required to prepare in a form suitable for publication the Balance Sheet of Brisk Ltd. as on 31st December, 1962, and the Profit & Loss Account for the year ended on that date. (Income Tax is 7/9 in the £).