From the following trial balance of G. Still, draw up a statement of profit or loss for the year ending 30 September 2017, and a statement of financial position as at that date.

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Dr Cr Inventory: 1 October 2016 41,600 Carriage outwards Carriage inwards 2,100 3,700 Returns inwards Returns outwards Purchases Sales Salaries and wages Warehouse rent Insurance 1,540 3,410 188,430 380,400 61,400 3,700 1,356 Motor expenses 1,910 Office expenses 412 Lighting and heating expenses 894 General expenses 245 Premises 92,000 Motor vehicles 13,400 Fixtures and fittings Accounts receivable Accounts payable 1,900 42,560 31,600 Cash at bank 5,106 Drawings 22,000 Capital 68,843 484,253 484,253 Inventory at 30 September 2017 was 44,780.