At 31 December Year 3, T Smith had accounts balances as below: Debtors Creditors Office expenses Rent payable Drawings Cash at bank 2,280 2,170 1,290 1,500 860 4,300 570 20,310 20,500 46,840 Cash in hand Furniture and fittings Motor vehicles Capital Required 1. Draw up profit and loss account in case Gross profit is 4,100 (30pts) 2. Draw up a complete balance sheet for T Smith at 31 December Year 3 in case Closing stock is at 1,500 (20pts)