Task 1 From the information given below in the Trial Balance for Beaches Hotel construct the following using the correct accounting layout; 1. The Trading Account. (15 Marks) 2. The Profit & Loss Account (20 Marks) 3. The Balance Sheet (25 Marks) Trial Balance for Beaches Hotel Limited for the year ending 31 Dec 2019 Debit Credit Owners Capital 80 000 Drawings 28 750 Fixture & Fittings 15 500 Sales 390 750 Sundry Expenses 1 200 Motor Expenses 18 700 Opening Stock 31 550 Utility Expenses 14 220 Insurance 12 460 Debtors 13 100 Creditors 41 000 Motor Vehicles 26 000 Premises 89 000 Business Rates 6 500 Purchases 101 000 Long Term Loan 75 600 Salaries & Wages 186 250 Bank 15 620 Professional charges 8 000 Advertising Costs 19 500 587 350 587 350 Note to the trial balance: Closing Stock at 31st December 2019 was valued at 35 150