The following trial balance was extracted from the books of F Sorley on 30 April 2007. From it, and the note about stock, prepare his trading and profit and loss account for the year ending 30 April 2007, and a balance sheet as at that date.

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Dr Cr Sales 210,420 Purchases Stock: 1 May 2006 108,680 9,410 Carriage outwards Carriage inwards 1,115 840 Returns inwards 4,900 Returns outwards 3,720 Salaries and wages 41,800 Motor expenses 912 Rent 6,800 318 Sundry expenses Motor vehicles Fixtures and fittings Debtors Creditors 14,400 912 23,200 14,100 Cash at bank 4,100 Cash in hand 240 Drawings 29,440 Capital 18,827 247,067 247,067 Stock at 30 April 2007 was 11,290.