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Question 3 Aseem is a retailer and the following balances were extracted from his book on 31 December 2017: (20 marks) RM Stock, 1 January 2017. -12,400 Office equipment -17,900 Trade debtors. 14,670 Trade creditors 26.700 Capital 30.000 Drawings .800 Sales. 49,600 Purchases 34,040 Carriage inwards. 393 Carriage outwards 465 Returns inwards 440 Returns outwards 550 Rent and Rates 8,800 Wages and salaries 9,600 Cash at bank... ...6,960 Cash in hand... 392 You are required to prepare a Trial Balance as at 31 December 2017. SECTION B: ANSWER ALL QUESTIONS (40 Marks) F-2000 M Below is the account balances of Moosy, extracted after one year trading ended 31 December 2017. RM 210,420 Sales. Purchases. 108,680 Carriage outwards 1,115 Carriage inwards. 840 Returns inwards 4,900 Returns outwards 3720 Salaries and wages. 41,800 Motor expenses. 912 Rent 6,800 Sundry expenses. 318 Motor vehicles. 14,400 Fixtures and fittings. 912 Debtors 23,200 Creditors 14,100 Cash at bank 4,100 Cash in hand. 240 Drawings 29,440 Capital.. 18,827 Opening Stock 9,410 Closing Stock 11,290 You are required to prepare a) Income Statement for the year ended 31 December 2017. b) Balance Sheet as at 31 December 2017. (25 marks) (15 marks)