Mr. Michal started Business on 1st January 2019 and from the following Trail Balance prepare. Trading profit and loss Account and Balance sheet as on 31st December 2019. (Marks 15) Dr Cr Sales Capital Creditors Purchase Return Amount 50000 30500 28000 2000 Cash Machinery Debtors Stocks 1st January 2019 Bills Receivables Salaries Rent Wages Purchases Sales Return Drawings Amount 5000 20000 12000 10000 4000 15000 2000 3000 36000 1000 2500 Total 110500 Total 110500 Adjustments 1. Closing stock 31st December. 2019 was $ 25000. 2. Depreciate Machinery by 10%. 3. Salaries outstanding $ 3000