The following balance has been extracted from the books of Falconer plc as on 31 August \(19 \mathrm{X} 4\). From them draw up (i) a trading and profit and loss account, for internal use, for the year ended 31 August 19X4, also (ii) a profit and loss account for publication for the year.

(a) Stock at 31 August \(19 \mathrm{X} 4 £ 144,510\).

(b) The hire of plant and machinery is to be apportioned: Productive \(£ 5,200\), Administrative \(£ 3,720\).

(c) Rent and rates to be apportioned: Distribution \(2 / 3\), Administrative \(1 / 3\).

(d) Motors are to be depreciated at 25 per cent on cost, Plant and machinery to be depreciated at 20 per cent on cost.

(e) Auditors' remuneration of \(£ 1,700\) to be accrued.

(f) Corporation tax on profit from ordinary activities for the year is estimated at \(£ 59,300\), excluding tax on disposal of investments.
(g) Transfer \(£ 25,000\) to general reserve.

(b) Ordinary dividend of \(£ 60,000\) is proposed.

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Purchases Sales Returns inwards Returns outwards Carriage inwards Wages-productive Discounts allowed 540,500 815,920 15,380 24,620 5,100 6,370 5,890 Discounts received 7,940 Stock 31 August 19X3 128,750 Wages and salaries: Sales and distribution 19,480 Wages and salaries: Administrative 24,800 Motor expenses: Sales and distribution 8,970 Motor expenses: Administrative 16,220 General distribution expenses Rent and rates (see note (c)) Directors' remuncration 4,780 General administrative expenses 5,110 9,600 12,400 Profit and loss account: 31 August 19X3 18,270 Advertising costs 8,380 Bad debts 1,020 Hire of plant and machinery (see note (b)) 8,920 Motor vehicles at cost: Sales and distribution Administrative 28,000 36,000