3lbh 2 (6 marks), [CLO 2 The following is the Trial Balance of MNO Company as of 31 December 2017: Particulars Dr Amount Cr Amount Capital Opening stock- ( $504,000 $114,000 $58,000 $72,000 $98,000 $10,000 Direct expenses Salaries Purchases Rent and rates,-4) sales- Interest received Discount received-9 Drawings Advertisement Cash in hand Cash at bank Sundry debtors Buildings Sundry creditors in $184,000 $12,400 $6,000 $54,400 $22,000 $52,000 $70,000 $80,000 $112,000 5 f? $36,000 $742 400 $742,400 - The stock on 31 December 2017 is $282,400. You are required to prepare the Trading and Profit and Loss Account for the year ended 31 December 2017 and the Balance Sheet as on that date for MNO Company