The following balances were extracted from the books of Waumini Ltd as at 30 September 2021: KES	KES
Ordinary shares of KES.20 each. Fully paid	600,000
8% preference shares KES.20 each. Fully paid	100,000
Share premium account	80,000
6% loan stock	100,000
Trade creditors	I48,000
Trade debtors	330,000
Sales	4,800,000
Purchases	4,220,000
Discounts allowed	5,000
Discounts received	13,000
Freehold buildings:
At cost	500,000
Provision for depreciation	50,000
Fixtures and fittings:
At cost	640,000
Provision for depreciation	256,000
Stock I October 2020	420,000
Returns outwards	80,000
Establishment expenses	130,000
Administration expenses	56,000
Selling and distribution expenses	167,000
Bad debts written off	4,000
Provision for doubtful debts	18,000
Retained profit I October 2020	362,000
Goodwill	160,000
Bank overdraft	25,000