The following additional information as at 31 May 2006 is available: a) Rent is accrued by 210. b) Rates have been prepaid by 880 pounds c) 2211 of carriage represents carriage inwards on purchases. d) Equipment is to be depreciated at 15% per annum using the straight line method. e) The provision for doubtful debts to be increased by 40 pounds. f) Stock at the close of business has been valued at 13,551 . Required: Prepare a trading profit and loss account for the year ended 31 May 2006 and a balance sheet as at that date