Q15.2 The following trial balance was extracted from the books of Sandra Shenstone, a sole trader, as at the close of business on 30 June year 5: Dr Cr 6,400 Capital account Wages and salaries 6,800 Discounts allowed and received 260 340 Purchases and sales 12,830 26,700 Rent 2,600 Bad debts written off 420 Drawings 2,450 Delivery van 1,800 Bank overdraft 2,200 Returns inwards 340 Office furniture and equipment, at cost 1,600 Van running expenses 780 Rates and insurance 760 Debtors and creditors 4,650 2,950 General office expenses Stock, 1 July year 4 320 2,930 Cash in hand 50 38,590 38,590 The following adjustments are to be made: Provide for depreciation as follows: Delivery van - 600 Office furniture and equipment -25% per annum on cost A provision of 2% of Debtors is to be created for doubtful debts Stock, 30 June year 5 - 3,160 Required: Prepare a trading and profit and loss account for the year ended 30 June year 5, together with a balance sheet at that date.