Make the income statement with appropriate categories

11.4A The following balances have been extracted from the books of Mitchell plc on 31 July 20x2. From them draw up (i) a detailed trading and profit and loss account for internal use, for the year ended 31 July 20x2, also (ii) a profit and loss account for publication for the year to that date. f Purchases 1,310,000 Sales 1,790,000 Returns inwards 29,000 Returns outwards 57,000 Carriage inwards 10,000 Wages - productive 109,000 Discounts allowed 11,000 Discounts received 15,000 Stock 31 July 20X1 317,000 Wages and salaries: Sales and distribution 41,000 Wages and salaries: Administrative 62,000 Motor expenses: Sales and distribution 26,000 Motor expenses: Administrative 8,000 General distribution expenses 7,000 General administrative expenses 6,000 Rent and business rates (see Note (c)) 17,000 Directors' remuneration 35,000 Profit and loss account: 31 July 20X1 141,000 Advertising 19,000 Bad debts 3,000 Hire of plant and machinery (see Note (b)) 14,000 Motor vehicles at cost: Sales and distribution 45,000 Administrative 18,000 Plant and machinery: Distribution 13,000 Debenture interest payable 7,000 Income from shares in group undertakings 8,000 Income from shares in undertakings in which the company has a participating interest 5,000 Preference dividend paid 20,000 Profit on disposal of investments 14,000 Tax on profit on disposal of investments 3,000 Ordinary dividend paid 110,000 Notes: (a) Stock at 31 July 20x2 303,000. (b) The hire of plant and machinery is to be apportioned: productive 12,000, administrative 2,000. (c) Rent and business rates to be apportioned: distribution /, administrative '/. (d) Motors are to be depreciated at 33'3 per cent on cost; plant and machinery to be depreciated at 10 per cent on cost. (e) Auditors' remuneration of 15,000 to be accrued. (f) Corporation tax on profit from ordinary activities for the year is estimated at 29,000, excluding tax on disposal of investments. (g) Transfer 50,000 to general reserve