MID-SEMESTER Abigail owns a small dressmaking. As at 31st December, 2004, the following balances appeared in her books: C'000 C'000 Capital, 19 January, 2004 20,000 Equipment at cost 7,200 Stock, 18 January, 2004 5,800 22,000 51,600 Purchases and sales Returns inward and outwards 1,000 600 Carriage inwards 300 Carriage outwards 500 Trade debtors 10,000 Trade creditors 5,980 Provision for bad debts 600 Bad debts written off 380 Wages and salaries 7,360 Discount allowed and received 240 1,100 Advertising 1,400 Electricity 1,000 Rent and rates 2,320 General expenses 440 Cash 7,120 Bank 14,820 L 2,000 Provision for depreciation of equipment, 18 January, 2004 81,800 81,800 Additional information Stock at 31" December, 2004 was valued at GHC7,400,000; Wages owing at 31 December, 2004 amounted to GH100,000; Provide for 5% on debtors: Provide for depreciation on equipment at 10% on cost. You are required to prepared trading, profit and loss account and a balance sheet for the year ended 31st December 2000