RILIR MIC VIEW ACH UUU 12 Tllustrations The following is the trial balance of ABC Company as on 314 December 2010 Dr. Amount Cr. Amount SI5.000 $3400 $1,600 $1,500 $18,500 $2.000 Particulars Capital Opening stock Direct expenses Salaries Purchases Rent and rates Sales Interest received Discount received Drawings Advertisement Cash in hand Cash at bank Sundry debtors Furniture Sundry creditors $32.500 $1,200 $300 $2,000 S500 $2.500 $6,000 $8.000 $7.000 $4,000 $53,000 $53,000 The stock on 31 December 2010 is $8,800 You are required to prepare Trading and Profit and loss account for the year ended 31 December 2010 and balance sheet as on that date