Q1 The following trial balance was extracted from the books of the By-Air and Cadres PLC on 16th August, 2016 Opening stocks-finished goods Carriage outwards Salesmen's salaries Wages and salaries Land Plant Motor vehicles Distribution costs Interest paid Taxation Administrative expenses Directors' remuneration Trade receivables Purchase of treasury bills Repurchase of debenture loan Cash at bank and in hand Note of information not taken into the trial balance data: (a) Provide for: 978 125 800 738 ZMK ZMK Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade payables Issued share capital- ordinary shares Issued share capital - preference shares Share premium Opening stock of raw mater Opening stock of work in progress Purchases-raw materials Direct expenses Retained earnings Inventoryy Purchases Returns inwards Carriage inwards Carriage inwards-raw materials Rent factory Fuel 13,500 250 12,500 1,562 12,050, 1,125 313 290 375 370 100 738 3,125 625 350 750 286 375 3,875 1,255 1,271 1,750 ial 900 750 110 220 (i) An audit fee of K58. (ii) Income tax of K462. (iii) Administrative ex- penses were prepaid by K52.Required: Prepare a) Profit and loss account 875 825 6,263 350 13 b) Balance sheet (c) Manufacturing account and (d) a Cash Flow statement from the above information. 79 25 17 End of documentI