Question 1. a. From the following Trial Balance of Mwape prepare trading and profit and loss account for the year ending on 31st December 2019 and the balance sheet as on the date: Trial Balance as on 31st December, 2019 Stock on 31st December 2019 was ZMK 30,000 (25) Amount (ZMK) 56,000 1,50.000 4,000 1,000 30,000 Debit Balance Purchases Sales returns Opening stock Discount allowed Bank charges Salaries Wages Freight inwards Freight outwards Rent, rates and taxes Advertising Cash in hand Plant and machinery Sundry debtors Cash at bank Amount (ZMK) Credit Balance 70,000 Capital account 5,000 Sales 20,000 Purchase returns 2,000 Discount received 500 Sundry creditors 4,500 5,000 4,000 1,000 5,000 6,000 1,000 50,000 60,000 7,000 241,000 241,000