Given below is the Trial Balance for Horizon Company as of 31 December 2016 Dr. Amount Cr. Amount $150,500 Particulars Capital Purchases Purchases return Sales Sales return Stock on January 2016 Cash on hand Salaries Rent Commission received Discount earned $60,500 $3,000 $80,000 $2,000 $100,000 $2,200 $3,050 $1,250 $700 $300 $1,500 $6,000 Sundry creditors Sundry debtors Machinery Furniture Land and building $9,000 $3,000 $18,000 $40,000 $240,500 $240,500 The stock value on 31 December 2016 is $51,000 Prepare the following in the tables given below: Trading Account for the year ended 31 December 2016 Profit and Loss Account for the year ended 31 December 2016 -Balance Sheet as of 31 December 2016 Trading Account For the year ended 31 December 2016 Particulars Amount Particulars Amount Profit and Loss Account For the year ended 31 December 2016 Particulars Amount Particulars Amount Balance Sheet As of 31 December 2016 Assets Amount Liabilities Amount