The following trial balance of T. J. Enterprises was prepared for the year ended 31 December 2012. Dr. (S) Cr. (5) Cash 1,500 Bank 10,500 Stock @1 January 2012 26,000 Sales 226,000 Sales return 1,650 Discount received 2.100 Commission received 4,200 Property 420,000 Furniture and fittings 185,000 Equipment 190, 800 Motor vehicles 98,000 10 year bank loan from Scotia Bank 320,000 Accounts Receivable 45,000 Accounts Payable 38,900 Drawings 15,000 Purchases 200,000 Purchases returns 1,598 Discounts allowed 1,600 6,300 Wages Electricity 5,000 Cleaning and Maintenance 1,100 Telephone 6,500 8,700 General expenses Capital 1,222,650 629.852 1,222,650 Closing stock at the end of the year is $56, 800 You are required to: a) Prepare a classified (vertical) Trading and Profit and Loss Account for the year er 31 December 2012. (35pts) b) Prepare a classified (vertical) Balance Sheet for the company as at that date. (35)