Hayday PLC. Trial Balance as at 31st December 2021 is shown below: s Revenue Administrative expenses Selling and Distribution expenses s 2,290,125 237,150 175,200 Legal and Professional expenses 81,150 Allowance for receivables - 31/12/2021 8,625 Inventories-finished goods -31/12/20 276,750 Work in Progress 31/12/20 49,123 Inventories Raw materials at cost 31/12/20 162,600 Purchases-Raw materials 1,501,062 Carriage inwards - raw materials 15,570 Manufacturing wages 187,500 Ordinary shares issued 900,000 of 0.50 450,000 8.4% cumulative preference shares 150,000 of 1 each 150,000 Revaluation surplus 65,000 Share premium 150,000 General reserve 85,000 Retained earnings 31/12/20 425,230 Patents and trademarks 323,250 Freehold property at cost 375,000 Leasehold property at cost 112,500 Amortisation of leasehold property - 31/12/20 22,500 Plant & Equipment at cost 225,000 Accumulated depreciation - plant and equipment - 102,750 31/12/20 Furniture & Fittings at Cost 75,000 Accumulated depreciation - furniture & fittings 31/12/20 23,625 Motor Vehicles at cost 112,500 Accumulated depreciation - motor vehicles 31/12/20 37,500 10% loan notes 150,000 Trade payables 146,250 Trade receivables Bank Overdraft Cash 266,445 76,875 7,680 4.183,480 4,183,480