Kimoney, a sole trader has furnished you with the following balances as at 31 Dec 2020 Details KHS Sales 3785000 Discount Received 24000 Rent Received 75000 Returns outwards 77000 Creditors 187000 Back Overdraft 300000 Capital 2875000 Purchases 2617000 Salaries and Wages 457000 Office expenses 84000 Insurance premiums 31000 Electricity 16000 Stationery 62000 Advertising 84000 Telephone 21000 Business Rates 75000 Discounts allowed 6000 Returns Inwards 41000 Stocks as at 1 Jan 2020 1206000 Warehouse, shop and office 2100000 Fixtures and fittings 128000 Debtors 130000 Cash in till 5000 Drawings 260000 The following further information was obtained Closing stock was ksh102,500 Electricity charges accrued lesh 1200 Outstanding advertising expenses Issa 800 Insurance premiums paid in advance sh 1400 Business rates prepaid lesh3,000 Required: Prepare a trading, profit and loss account for the year ended 31 Dec 2020 and balance sheet as at that date. 10marks