The following trial balance was extracted from the books of B Jackson on 30 April 19X7. From it, and the notes, prepare his trading and profit and loss account for the year ended 30 April 19X7, and a balance sheet as at that date.

Dr Cr

£ £

Sales 18,600 Purchases 11,556 Stock 1 May 19X6 3,776 Carriage outwards 326 Carriage inwards 234 Returns inwards 440 Returns outwards 355 Salaries and wages 2,447 Motor expenses 664 Rent 576 Sundry expenses 1,202 Motor vehicles 2,400 Fixtures and fittings 600 Debtors 4,577 Creditors 3,045 Cash at bank 3,876 Cash in hand 120 Drawings 2,050 Capital 12,844 34,844 34,844 Stock at 30 April 19X7 was £4,998.