Required: Answer each of his questions in terms which he will be able to understand. (Association of Chartered Certified Accountants) . The following trial balance was extracted from the books of R Giggs at the close or business on 28 February 20x7. Dr 157,165 92,800 4,100 324 11,400 Purchases and sales Cash at bank Cash in hand Capital account 1 March 20X6 Drawings Office furniture Rent Wages and salaries Discounts Debtors and creditors Stock 1 March 20X6 Provision for doubtful debts 1 March 20X6 Delivery van Van running costs Bad debts written off 17,100 2,900 3,400 31,400 820 12,316 4,120 160 5,245 405 3,750 615 730 174,375 174,375 Notes: (a) Stock 28 February 20X7 2,400. (b) Wages and salaries accrued at 28 February 20x7 340. (c) Rent prepaid at 28 February 20X7 230. (d) Van running costs owing at 28 February 20X7 72. (e) Increase the provision for doubtful debts by 91. (1) Provide for depreciation as follows: Office furniture 380; Delivery van 1,250. Required: Draw up the trading and profit and loss account for the year ending 28 February 20X7 together with a balance sheet as on 28 February 20x7