1. Bayleaf Company has a trading business with two departments, hardware and stationery. The following information was extracted from the books on 31 October 2012. Capital Premises Sales 94 356 78 650 Hardware 107 250 Stationery 35 750 Purchases Hardware Stationery Drawings Equipment and Fittings Debtors 75 460 20 180 14 072 9 780 3574 Creditors II 800 Stock at 1 Nov 2011 Hardware 9 870 3 860 2 860 644 1 200 Stationery Fixed Overhead Expenses Advertising Transport Expenses Cash at Bank Wages and Salaries: Hardware Stationery 5 320 17 160 6 435 At 31 October 2012 the following adjustments have to be taken into account: (i) Stock - Hardware S8 424 and Stationery $2 460. (ii) $160 was owing for transport expenses and $100 df advertising had been paid in advance. (iii) Fixed overhead expenses are to be divided 3/5 Hardware and 2/5 Stationery. Advertising and transport expense are to be allocated in proportion to sales. Purchases Hardware included $1 720 for equipment. (iv) (v) Depreciation on Equipment and Fittings is 20% per annum straight line method. Depreciation should be shared Hardware 75% and Stationery 25%. REQUIRED: Prepare the Departmental Trading, Profit and Loss Account for the year ended 31 October 2012. TOTAL MARKS (20) Bayleaf Departmental Trading, Profit and Loss Account for the year ending 31 October 2012 HARDWARE STATIONERY