1. Ricardo Salas operates a retail business in Mexico. The following trial balance was obtained as at December 31, 2017. DETAILS DR CR 180,000 Land and building 32,000 Provision for depreciation on building 170,000 Motor vehicle 24,000 Provision for depreciation on motor vehicle 120,000 Machinery and equipment 13,200 Provision for depreciation on machinery & equipment 240,000 Capital 8,200 Drawings 100,000 10% Loan Building repairs Commission received Opening stock 35,000 20,000 32,400 Insurance 18,500 Bad debts 4,250 Sales 416,500 Wages and salaries 45,000 Discounts 3,500 6,000 Loan interest 9,000 Creditors 25,600 Returns 2300 4,100 Rent received 14,000 Purchases 245,450 Debtors 31,000 Provision for bad debts 4,200 Telephone charges 8,200 Bank 21,600 Cash 8,400 921,200 921,200