Frank Sert provides the following information for the year ended 31 March 20*8:

Required

Prepare a trading and profit and loss account for the year ended 31 March 20*8 and a balance sheet at that date.

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Land and buildings at cost Machinery at cost Vehicles at cost Debtors Creditors Stock at 1 April 20*7 Bank balance Drawings Purchases Sales Carriage inward Wages Insurance Motor expenses Advertising General expenses Capital at 1 April 20*7 Stock at 31 March 20*8 £ 115,000 35,700 52,500 7,342 6,721 3,572 2,775 14,000 42,782 121,649 541 34,669 1,560 5,231 3,672 4,759 195,733 3,885