From the following trial balance construct the statement of comprehensive income for P Miller for the year ended 31 December 2007 and a statement of financial position as at that date.

Inventory as at 31 December 2007 was valued at £9,450.

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Sales Purchases Carriage outwards Premises Equipment Trade receivables Trade payables Bank Administration Wages and salaries Rates and insurance Repair costs Capital Drawings Motor van Dr 210,450 1,100 100,000 15,900 7,520 6,500 4,300 15,328 3,432 2,450 Cr 265,000 6,980 120,000 16,500 8,500 391,980 391,980