Prepare i) Profit and Loss Account ii) A trial Balance

b. Mr. Abdallah had a trial balance as given below as at December, 2021. Dr. Shs 96,000 10,000 72,000 8,000 240,000 360,000 60,000 18,000 5. 6. 7. 8. 9. 10. 11. 12. 13. 16. 17. 18. Salaries Carriage Outward Rent Discount Allowed Sundry Debtors Plant & Machinery Furniture Drawings Sundry Creditors Capital Gross profit Closing Stock 126,000 990,000 Cr. Shs 350,000 328,000 312,000 990,000 Note: No. 5, 6, 7, 8, 17 are transferred to profit and loss. Extract the profit and loss account then the final trial balance which is further revised