115 Belle extracted the following Trial Balance at 31 January 2011: E Capital at 1 February 2010 67,127 Premises 35,000 Equipment 18,000 Provision for depreciation at 1 February 2010: equipment 6,480 Debtors and Creditors 43,687 16,213 Stock at 1 February 2010 19,400 Bank balance 3,847 Cash 210 Purchases and Sales 95,460 258.100 Goods returned 1,240 348 Rent receivable 5,500 Discounts 230 Drawings 9,600 Wages 84.640 Office expenses 38.420 Travelling expenses 11.431 Bank interest 412 357.730 357.730 Additional information at 31 January 2011 (1) Stock 19,750 (2) Rent receivable owing 500 (3) Wages owing 1,580 (4) Office expenses paid in advance 285 (5) Depreciation is calculated as follows: equipment - 20% per annum, reducing balance method REQUIRED Prepare the (a) Trading and Profit & Loss Account for the year ended 31 January 2011 (b) Balance Sheet at 31 January 2011 (13 marks) (12 marks) (Total 25 marks)