Leslie Harris provides the following information for the year ended 31 December 20*8:

Required

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

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Machinery Vehicles at cost Stock at 1 January 20*8 Debtors Creditors Purchases at cost Sales Carriage inward Carriage outward Wages and salaries Motor expenses Heat and light Advertising and insurance General expenses Drawings Bank overdraft Long-term loan Capital at 1 January 20*8 Stock at 31 December 20*8 £ 85,750 50,000 3,691 5,367 3,753 48,775 102,367 693 528 28,570 6,371 2,448 3,691 7,999 21,700 872 100,000 58,591 4,187