The following trial balance has been extracted from the lege of Mt hrutia sole trader as at 31 Dec 2006 Kshs Yahs 132.072 82,350 5,144 72059 6,622 3.001 1330 26 A20 877 130 Carriage Drawings Pentrates and insurance Postage and stationery Advertising Salaries and was Bad debts Provision for bad debts Dets Creditors Cash in hand Cash at bank Sterk at at 1 Jan 2006 Equipment at cost Accumulated depreciation 12,120 6,471 177 1,002 11.927 58.000 19000 Capital 53091 216170 216.770 The following additional information as at 31" Dec 2006 is available (a) Rent is accrued by Kshs210. (b) Rates have been prepaid by Kshs880. (c) Kshs2, 211 of carriage represents carriage inwards on purchases. (d) Equipment is to be depreciated at 15% per annum using the straight line method. (e) The provision for bad debts to be increased byKshs40. (1) Closing stock of business has been valued at Kshs 13,551 Required: Prepare a trading and profit and loss account for the year ended 31" Dec 2006 and a balance sheet as at that date. (20 Marel