The following trial balance was extracted from the books of F. Sorley on 30 April 2020. From it, and the note about inventory, prepare his income statement for the year ending 30 April 2020, and a balance sheet as at that date.

Inventory at 30 April 2020 was £11,290.

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Sales Purchases Inventory: 1 May 2019 Carriage outwards Carriage inwards Returns inwards Returns outwards Salaries and wages Motor expenses Rent Sundry expenses Motor vehicles Fixtures and fittings Trade receivables Trade payables Cash at bank Cash in hand Drawings Capital Dr 108,680 9,410 1,115 840 4,900 41,800 912 6,800 318 14,400 912 23,200 4,100 240 29,440 247,067 Cr 210,420 3,720 14,100 18,827 247,067