Prepare the trading, profit and loss account and balance sheet from the following figures of Usman Corporation for the period ended on 31^st December, 2021. Closing stock is Rs. 55,000

Interim divided paid 3750

Purchase 92,500

Preliminary Expenses2500

Freight 6550

Director,s fees2870

Bad Debts 1055

6% Debentures150,000

Premises150,000

Plant & Machinery 180,000

Sundry debtors43,500

Goodwill 12,500

Cash in hand 4125

Wages 43400

General Expenses8450

Salaries 7250

Stock (1.1.2020)37500

Fixtures 3600

General Reserves2500

4% Government Securities 0000

Debenture interest 4500

Share Capital (fully Called)230,000

Bills Payable 19,000

Sales 207,500

Provision of bad debts 1750

Profit & loss account (cr)7250

Sundry Creditors25000