The following balance has been extracted from the books of Falconer plc as on 31 August 19X4. From them draw up (i) a trading and profit and loss account, for internal use, for the year ended 31 August 19X4, also (i) a profit and loss account for publication for the year.

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Purchases Sales Returns inwards Returns outwards Carriage inwards Wages-productive Discounts allowed 540,500 815,920 15,380 24,620 5,100 6,370 5,890 Discounts received 7,940 Stock 31 August 19X3 128,750 Wages and salaries: Sales and distribution 19,480 Wages and salaries: Administrative 24,800 Motor expenses: Sales and distribution 8,970 Motor expenses: Administrative General distribution expenses 16,220 4,780 General administrative expenses 5,110 Rent and rates (see note (c)) Directors' remuneration 9,600 12,400 Profit and loss account: 31 August 19X3 18,270 Advertising costs 8,380 Bad debts 1,020 Hire of plant and machinery (see note (b)) 8,920 Motor vehicles at cost: Sales and distribution Administrative Plant and machinery: Distribution Debenture interest payable Income from shares in group companies Income from shares in related companies Preference dividend paid Profit on disposal of investments Tax on profit on disposal of investments 28,000 36,000 17,500 4,800 12,800 10,500 15,000 6,600 1,920