Prepare the manufacturing, trading and profit and loss accounts from the following balances of W Miller for the year ending 31 December 2003.

Rent is to be apportioned: Factory 3 /4; Office 1 /4. Stocks at 31 December 2003 were: Raw materials £28,900; Work in progress £24,600; Finished goods £28,840.

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Stocks at 1 January 2003: Raw materials 25,400 Work in progress 31,100 Finished goods 23,260 Purchases: Raw materials 91,535 Carriage on raw materials 1,960 Direct labour 84,208 Office salaries 33,419 Rent 5,200 Office lighting and heating 4,420 Depreciation: Works machinery 10,200 Office equipment 2,300 Sales 318,622 Factory fuel and power 8,120