Colombo is an inexperienced accounts assistant and has prepared the following trial balance at 31.12.1999:

	DR	CR
Premises	80,000
Plant and Machinery	65,000
Office Furniture	15,000
Provision for Depreciation: Plant and Machinery	35,000
Provision for Depreciation: office furniture	10,000
Stock at 1.1.1999	6,000
Stock at 31.12.1999		7,200
Debtors	5,500
Creditors		2,700
Purchases	47,000
Carriage Inwards	1,200
Carriage outwards		2,100
Sales		90,000
Return inwards		2,600
Return outwards	1,400
Provision for doubtful debts	500
Selling and distribution expenses	20,800
Administration expenses	15,400
Discounts received	2,000
Discounts allowed	1,800
Drawings		12,600
Capital		133,400
	306,600	250,600

Required

Prepare a financial statement for Colombo as at 31 December 1999