The following trail balance was extracted from the books of ADOM ENTERPRISE on 31/12/2017.

DR GHS 000CR GHS 000

Sales 37,200

Purchases 23,112

Stock 1/1/2017 7,552

Carriage outwards 652

Return inwards 880

Return outwards 710

Salaries and wages 4,894

Motor expenses 1,328

Rent 1,152

Sundry expenses 2,404

Motor vehicles 4,800

Fixtures and fittings 1,200

Debtors 8,154

Creditors 6,090

Bank 7,752

Cash 240

Drawings 4,100

Capital 25,688

69,68869,688

The following additional notes have been given:

1. Stock at 31/12/17 was GHS9,996, 000

2. Rent prepaid is GHS157, 000

3. Sundry expenses accrued amounted to GHS52, 000

4. Depreciation is provided at rate of 20% on cost.

You are required to prepare:

a. Trading, Profit and Loss account for the year ended 31/12/2017

b. Statement of financial position or Balance Sheet as at 31/12/2017