DECARTMENT OE DUSISNESS The following trial balance was extracted from the books of Willlam Rodney, a trader, at 31 December, ACCOUNTING ASSIGMENI The following matters are to be taken into account: 1. The stock-in-trade at 31 December, 1997,$9,884 2. Provision for bad debts to be increased to $388 3. Included in the amount for insurances, $172 is an item for $82 for motor insurances and this amount should be transferred to motor expenses. 4. Depreciation has been and is to be charged on vans at the annual rate of 20 per cent of cost 5. On 1 January 1997 a van which had been purchased for $1,000 on 1 January 1994 was sold for $250. The only record of the matter is the credit of $250 to proceeds of sale of van account. 6. $300 is owing for salaries and wages at 31 December, 1997; rent paid in advance $40. 7. Depreciate buildings $500. Requlred: A trading and profit and loss account for 1997 and a balance sheet at 31 December 1997