Mark Douglas is a retail trader. The trial balance shown below was extracted from his records on December 31, 2021. Trial Balance as at December 31, 2021 Details $ $ Carriage inwards 1,200 Sales 285,200 Debtors 16,400 Salaries 31,200 Bank 38,080 Sundry expenses 1,820 Stock @January 1, 2021 18,200 Return outwards 2,000 Motor expenses 6,200 Commission received 21,000 Carriage outwards 800 Rates & insurance 3,200 Purchases 222,000 Creditors 24,200 Drawings 28,300 Discount received 19,000 Land buildings 100,000 Capital 128,000 Motor vehicles 24,000 Accumulated depreciation on motor vehicles 12,000 491,400 491,400 Notes: (i) Stock as at December 31, 2021 was $36,400. (ii) A provision for doubtful debt of 5% on the debtors at December 31, 2021 is to be created. (iii) Depreciation is to be provided on the motor vehicles at 20% on cost. (iv) Rates &insurance prepaid at December 31, 2021 was $240. (v) Motor expenses for December of $520 was owing at December 31, 2021. Required: 1. Prepare a Trading, Profit and Loss account for the year ended 31 December 2021. (20 marks) 2. Prepare a Balance Sheet as at December 31, 2021.