A business had opening stock on 1 July 1998 which had cost £2,950. During the year to 30 June 1999, the business bought goods costing £23,870 (of which goods costing £560 were returned to suppliers) and sold goods for

£37,850 (of which goods sold for £1,830 were returned by customers). The cost of carriage inwards and outwards during the year was £370 and £590 respectively. The cost of the closing stock on 30 June 1999 was £3,190.

Required:

Prepare the trading account for the year to 30 June 1999.