From the following trial balance of I. Lamb, extracted after one year's trading, prepare a statement of

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From the following trial balance of I. Lamb, extracted after one year's trading, prepare a statement of profit or loss for the year ending 31 October 2016. A statement of financial position is not required.

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Inventory at 31 December 2016 was £15,600.
(Keep your answer; it will be used later in Review Question 8.1.)

Data From Review Question 8.1

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