From the accounts balances below, draw up T Smith's trading and profit and loss account for the year ended at 31 December Year 4 in case Closing stock is at 1,320. Stock at 1 January Year 4 2,000 Purchases 28,400 Sales 47,500 Office expenses 1,290 Lighting and heating 375 Wages 2.630 Insurance 125 Returns inwards 830 Retums outwards 1,210