The following is the Trial Balance of Newland Traders as at 30^th September, 2021

Ledger Balances	$	$
Sales		100 000
Purchases Returns		1 000
Interest on Mortgage	2 500
Office Wages	20 000
Insurance	2 400
Goodwill	15 000
Land and Building	50 000
Equipment	20 000
Accumulated Depreciation Equipment		6 000
Office Furniture	5 000
Cash at Bank	26 000
Sales Returns	3 000
Drawings	15 000
Capital - Tom		60,010
Capital - John		60,010
Office Expenses	4 430
Interest received		1 260
Debtors	14 500
Creditors		14 520
Inventories	22 000
Purchases	60 000
Advertising	5 000
Provision for Doubtful Debts		1 500
Mortgage		30 000
Stationery	2 650
Lighting	5620
Customs Duty	1200
	$274 300	$274 300

Additional Information

1. Inventories 30 09 2021 - $20 000
2. The partners Tom and John share the profits and losses at a ratio of 7: 3 respectively.

Required:

1. Prepare

1. A Trading Account
2. A Profit and Loss Account
3. A Balance Sheet