45.8 The trial balance extracted from the books of Tailor Times Ltd at 31 December 203 was as follows: rt 6 - Partnership accounts and company accounts You are given the following additional information: (i) The authorised and issued share capital is divided into 400,000 ordinary shares of 50p each. (ii) Stock in trade at 31 December 20X3, 94,300. (iii) Wages and salaries due at 31 December 203 amounted to 1,800. (iv) Business rates paid in advance at 31 December 203 amounted to 700. (v) A dividend of 20,000 is proposed for 203. (vi) The provision for doubtful debts is to be increased to 1,500. (vii) A depreciation charge is to be made on freehold premises of 25,000 and machinery at the rate of 20 per cent per annum on cost. Required: A trading and profit and loss account for 203 and a balance sheet as at 31 December 203