Question 3 The following trial balance as at 31 December 2021 has been prepared for Tortie & Chanel Co. Debit (S) Credit ($) Delivery vehicle 90,000 Furniture and fixtures 450,000 Capital 760,000 Cash at bank 52,840 Opening stock, 1 January 2021 211,992 Returns 5,412 7,556 Trade creditors 5,490 Trade receviables 297,840 Trademark 6,800 Bank loan (due in year 2030) 50,000 Interest on loan 9,684 Drawings 6,350 Gain on disposal of fixed assets 9,875 Sales revenue 982,640 Purchases 335,845 Shop rental expense 200 Electricity expense 33,640 Insurance expense 94,131 Office rental expense 33,125 Office repairs expense 21,654 Discount 45,102 22,091 Bank charges 1,581 Salesmen's commission 2,356 Carriage inwards 154 Freight outwards 3,456 Advertising 9,871 Office salaries 125,619 1,837,652 1,837,652 Additional information: