Please provide a detailed and accurate response, please.

4. Harry & Sons Hardware Store has two departments, Plumbing and Electrical. The owners would like to know the profit or loss of each department for the year ended 31st December 2016. The following information was available: At 1st January 2016: $ Note: Stock Plumbing Electrical 13 000 7 500 For the year ended 31st December 2016: 1. It was discovered that sales made for the Plumbing department $5,000 have been incorrectly credited to the Electrical department. 2. Rent and Electricity expenses are to be allocated in the basis of floor space while General Expenses and Wages are to be allocated based on turnover. Plumbing occupies 2,200 square feet and Electrical occupies 1,800 square feet. Sales Plumbing Electrical 60 000 105 000 Purchases You are required to: Plumbing Electrical 15 000 27 000 Return Inwards 5 000 Plumbing Electrical 10 000 (a) Prepare a Department Trading, Profit and Loss Account for the year ended 31st December 2016 (17) (b) The owners are giving serious consideration to closing to the Plumbing Department. Give your recommendation to the owners concerning this matter supported by two reasons. [3] Rent Electricity General Expenses Way 2 500 20 000 8 000 15 000 At 31st December 2016: Stock 3 000 Plumbing Electrical 5 500