Help me to come out with a trading profit and loss account and a balance sheet for this information please

Advertisement 20,000 Commission to sales manager 32,400 Furniture and fittings 35,000 Air conditioners 30,000 Sundry debtors 100,000 Sundry creditors 80,000 Loan on mortgage 70,000 Interest paid on the above 3,000 Prepaid expenses 4,000 Drawings 18,000 Bills payable (Current liability) 30,000 Bank charges 2,000 Legal charges 6,000 Motor vehicles 80,000 Travelling and conveyance 10,000 Capital 280,000H Xi 19m.|l67%l11:26 am The books of Mr T, a trader in tea showed the following balances as at 31 March 2018: Shs. Opening stock of tea 100,000 Purchases Tea 400,000 Salaries paid 80,000 Buildings 95,000 Cash in hand 2,000 Cash at bank 135,000 Rent, rates and council taxes 15,000 Insurance premium paid 3,000 Miscellaneous receipts 10,000 Sales 720,000 Discounts allowed 4,750 Bad debts 3,250 Building repairs 2,900 Miscellaneous expenses 8,700 Advertisement 20,000 Commission to sales manager 32,400 I; 4] EH ll 19m.167%lii:26am The following further information was obtained : 1. Closing stock was Shs.55,000. 2. Legal charges include Shs.5,000 for the cost of stamps and registration of a new building acquired during the year. 3. Purchases include 4000 kg tea valued at Shs.20,000, which was found totally spoilt. An insurance claim of Shs.'l 5,000 has been accepted by the insurance company. 4. Travelling and conveyancing include proprietor's personal travelling for which he is charged Shs.4, 800. 5. The sales manager is entitled to commission of 7.5% of the total sales. However any bad debts incurred during the year are deductible from such commission entitlements. 6. Debtors include: 7. Shs.10, 000 due from M & 00 (Creditors include Shs.18, 000 due to the same party). 8. Shs.5, 000 due from the sale of furniture. 9. Further bad debts of Shs.2, 000 1 46 1 67% 11:27 am 9. Further bad debts of Shs.2, 000 10. Provision for bad debts is to be created at 2% of net amount outstanding from trade debtors. 11. Depreciation is chargeable as follows: Buildings 2.5% Furniture and Fittings 10% Air conditioners 15% Motor vehicles 20% 12. Miscellaneous receipts represent sales proceeds of furniture, whose written down value was Shs. 12, 000. 13. Prepaid expenses include insurance premiums for the next year. Required: Prepare a trading, profit and loss account for the year ended 31st March 2018 and a Balance Sheet as at that date. 20MARKS 7 R T CK