Prepare Trading and Profit and Loss account from the following information for the year 31st December 2004. of Opening stock 5,500 DYPurchases 18,400 Manufacturing wages 4,400 Sales 32,000 DY Carriage inward 500 858 Carriage outward 700 Factory Rent 1000 Office Rent 1200 Return outward 1,500 Return inward 900 General expenses 700 Discount allowed 800 Discount Received 500 c Interest Received 350 Closing Stock 7700