The following is the trial balance for Scream Ltd. as at its year-end of 31 March 20X7. Ordinary Shares of 1 NV each 200,000 8% Cumulative Preference Shares of 1 NV each 50,000 Purchases 624,000 Sales 756,200 Stock (Inventory) as at 1 April 20X6 60,240 Van Expenses 4,700 Warehouse Wages 17,160 Heating and Lighting costs incurred 7,300 Rates cost incurred 12,000 Repairs and Maintenance costs incurred 6,480 Office Salaries 9,720 Fixtures and Fittings (at Cost) 80,000 Office Equipment (at Cost) 9,000 Motor Vans (at Cost) 40,000 Fixtures and Fittings (Accumulated Depreciation) Office Equipment (Accumulated Depreciation) Motor Vans (Accumulated Depreciation) 30,000 2,500 20,000 Discounts Receivable (an income / revenue item) Discounts Payable (an expense) 1,200 2,650 Directors' Fees 6,000 Directors' Salaries 18,000 Advertising Premises (cost) Share Premium 1,200 150,000 20,000 Interim Dividends (Preference) 2,000 Interim Dividends (Ordinary) 10,000 Debtors and Prepayments 80,500 Creditors and Accruals 51,200 Profit and Loss Account 31 March 20X6 43,200 Cash at Bank 33,350