QUESTION FIVE (20 marks) The following balances were extracted from the books of a manufacturer on 31 December, 2015 GH Purchase of raw materials 39,600.00 Factory wages 28,000.00 Royalties 4,000.00 Carriage on raw materials 2,200.00 Sales 200,000.00 Other direct expenses 6,000.00 Factory light and insurance 6,600.00 Printing and stationery 2,400.00 Other indirect expenses 2,000.00 Advertising 2,400.00 Vehicle maintenance 1,200.00 Bad debts written off 520.00 Provision on unrealized profit (1/1/2015) 3,200.00 Rent and rates 4,800.00 8,000.00 Wages and salaries 2,800.00 Depreciation of machinery 1,400.00 Depreciation of office computers Additional information: I. Stocks 2014 2015 GH GH Raw materials 14,600.00 12,000.00 Work-in-progress 5,600.00 3,600.00 Finished goods 16,000.00 7,200.00 II. Rent and rates: factory 2/5, office 3/5, Printing and stationery: factory 1/3, office 2/3. TIL. 25% of both vehicle maintenance and wages and salaries are to be treated as factory cost. IV. Finished goods are transferred to trading account at cost plus 25%. You are required to prepare: O Manufacturing account for the year ended 31 December, 2015 (1) Trading, profits and loss account for the year ended 31" December, 2015