The following trial balance was extracted from the books of F Sorley on 30 April 20X7. From it, and the note about stock, prepare his trading and profit and loss account for the year ended 30 April 20X7, and a balance sheet as at that date.

Stock at 30 April 20X7 was £11,290.

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Sales Purchases Stock 1 May 20X6 Carriage outwards Carriage inwards Returns inwards Returns outwards Salaries and wages Motor expenses Rent Sundry expenses Motor vehicles Fixtures and fittings Debtors Creditors Cash at bank Cash in hand Drawings Capital Dr £ 108,680 9,410 1,115 840 4,900 41,800 912 6,800 318 14,400 912 23,200 4,100 240 29,440 247,067 Cr £ 210,420 3,720 14,100 18,827 247,067