2. Albertha Donaldson is a sole trader who retails wall papei On 30 April 1997 the following balances were extracted from her books. Trial Balance at 30 Abril 1997 Aqaidonal intormation: (i) Stock at 30 April 1997 is valued at $30,350. (ii) Albertha depreciates motor vehicles and fixtures ind fittings at 20% p.a. on cost. (iii) Albertha decides to make a provision for bad cebts of 5% of the debtors at the year end. (iv) At 30 April 1997. Loan interest unpaid was $2,5)0. Wages unpaid was $525. (v) Stock valued at $750 had been damaged during tle year. It was not included in the closing stock figure of $30,350 and Albertha decided to Write off the damaged stock. (vi) On 30 April 1997 after preparation of the trial balance, it was discovered that discount allowed of $5 had been postied as $50 both to the sales ledger and to the discount allowed account This error was corrected. You are required to: From the above information, prepare for Albertha Donaldscn a trading and profit and loss account for the year ending 30 April 1997, ancl a balance sheet at that date. Total marks [24] The Newton Repairs shop operates a garage comprising of two departmeritor (a) Repairs and Servicing (b) Painting and Spraying The Trial Balance extracted from his books at 31 Decemben 2002 showed the following: Mre runuwing need aiso de constaered: (iii) Depreciation on tools and equipment is to be provided at 5% on cost. YU ARE REQUIRED TO: (i) Prepare a Departmental Trading \& Profit \& Loss Account for the year ended 31 December, 2002 showing profit or loss on each department. [18]