Prepare income statement and balance sheet?

The following items were taken from the accounting records of Telecom, Incorporated. The company's trial balance as at 31 October 2007 is shown below. Debit E000 Credit 2000 Share capital 12.000 3,348 58,463 27.974 6.690 Trade and other payables Property, plant and equipment -cost Property, plant and equipment - accumulated depreciation Trade and other receivables Accruals 7% bank loan repayable 2012 Cash at bank Retained earnings Interest 387 16.000 1.184 12345 560 Sales 50.875 Purchases 35,245 Returns inwards 678 Returns outwards 453 6.654 4,152 Distribution costs Administrative expenses Inventories as at 1 November 2006 Final dividend for year ended 31 October 2006 Interim dividend for year ended 31 October 2007 8,456 700 600 123.382 123,382 Further information: The share capital of the company consists of ordinary shares with a nominal value of 1. The sales figure in the trial balance does not include the credit sales for October 2007 of 3,564,000. The inventories at the close of business on 31 October 2007 cost 9,786,000. Goods for resale costing 127,000 purchased on two months' credit in October 2007 were returned to the supplier on 30 October 2007. No entries have been made in the accounts in the trial balance. The company paid 48,000 insurance costs in June 2007, which covered the period from 1 July 2007 to 30 June 2008. This was included in administrative expenses in the trial balance. Interest on the bank loan for the last six months of the year has not been included in the accounts in the trial balance. The corporation tax charge for the year has been calculated as 1,254,000. All of the operations are continuing operations. Question No. 01 (12 Marks) Prepare an income statement, and a classified balance sheet for the company