From the following trial balance of P Boones draw up a trading and profit and loss account for the year ended 30 September 2002, and a balance sheet as at that date.

Dr Cr

Stock 1 October 19x8 23,680

Carriage outwards 2,000

Carriage inwards 3,100

Returns inwards 2,050

Returns outwards 3,220

Purchases 118,740

Sales 186,000

Salaries and wages 38,620

Rent 3,040

Insurance 780

Motor expenses 6,640

Office expenses 2,160

Lighting and heating expenses 1,660

General expenses 3,140

Premises 50,000

Motor vehicles 18,000

Fixtures and fittings 3,500

Debtors 38,960

Creditors 17,310

Cash at bank 4,820

Drawings 12,000

Capital 126,360

332,890 332,890