Obedience started business on 1st January, 2014 as a manufacturer of poultry Ouestion Nine feed. The following figures were extracted from his records on 31s December, 20 | A PEL Rates and insurance 100,000 The following additional information is also relevant: i. During the year, 4,000 bags were completed. The closing stock of finished goods is valued at the average cost of production iii. Depreciate plant and machinery (bought on 31st march, 2014) by 10% per annum iv. Allocate expenses as follows: v. A manufacturing profit of 25% on production cost was added for the purpose of transferring finished goods to the trading section You are required to prepare Manufacturing, Trading and Profit and Loss Account for the year ended 31st December, 2014 and an extract of the Statement of Financial Position as at that date