The following trial balance was extracted from the books of Fletcher, a trader, as at 31 December 1984:

The following matters are taken into account:
(i) Stock-in-trade, 31 December 1984, £8,800.
(ii) Wages and salaries outstanding at 31 December 1984, £318.
(iii) Rates and insurances paid in advance at 31 'December 1984, £45.
(iv) The provision for bad debts is to be reduced to £100.
(v) During 1984 Fletcher withdrew goods, valued at £200, for his own use. No entry has been made in the books for the withdrawal of these goods.
(vi) The item 'Repairs to buildings, £848' includes £650 in respect of alterations and improvements to the buildings.
(vii) One-third of the car expenses represents the cost of Fletcher's motoring for private, as distinct from business, purposes.

(viii) Provide depreciation on furniture and fittings at 10 per cent p.a. on the cost at 1 January 1984, and at 20 per cent on the WDV of the car.
Required:
Prepare a trading, profit and loss account for the year 1984, and a balance sheet as on 31 December 1984.

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Capital account Purchases Sales Repairs to buildings Motor car (WDV) Car expenses 30,500 36,500 50,900 848 950 318 Freehold land and buildings 20,000 Balance at bank 540 Furniture and fittings (cost) 2,000 Depreciation of furniture and fittings 540 Wages and salaries 8,606 Discounts allowed 1,061 Discounts received 814 Drawings 2,400 Rates and insurances 248 Bad debts 359 Provision for doubtful debts, 1.1.84 140 Trade debtors 5,213 Trade creditors 4,035 General expenses 1,586 Stock-in-trade, 1.1.84 6,300 86,929 86,929