The following is the trial balance of Christmas Ltd at 31^("st ") December 2021: epsilon epsilon 500,000 equity shares of 0.50 each 250,000 300,0007% redeemable preference shares of 50c each 150,000 Freehold buildings: cost 400,000 Freehold buildings: accumulated depreciation 23,000 Plant and machinery: cost 120,000 Plant and machinery: accumulated depreciation 15,000 Motor vehicles: cost 115,000 Motor vehicles: accumulated depreciation 15,000 General reserve 30,000 Share premium 90,000 8% debentures 75,000 Inventories as at 1 January 2021 120,000 Trade receivables & Trade payables 95,000 63,000 Bank 180,600 Debenture interest paid 5,000 Interim dividend paid 9,000 Provision for doubtful debts 400 Wages and salaries 30,000 Bad debts written off 1,000 Short