The following trial balance has been extracted from the accounts of F. Whitbread on 31 May 1990.

£ £

Sales 85,453 Purchases 35,654 Returns inward and returns outward 1,754 2,352 Stock (1 June 1989) 6,750 Carriage inward 292 Discount allowed and received 163 279 Salaries 22,456 Rates 386 Insurance 263 Depreciation on fixed assets 545 Premises 34,000 Furniture and fittings 6,000 Debtors and creditors 1,655 876 Drawings 6,500 Capital (1 June 1989) 28,000 Bank 542 116,960 116,960 The stock was valued at £8,560 on 31 May 1990.
Prepare Whitbread's trading and profit and loss account for the year ended 31 May 1990 and a balance sheet as at that date.