The following Trial Balance was extracted from the books of N. Smith on 31 December 2014. Prepare a Trading, Profit & Loss and Balance Sheet as at 31t December 2014. The vertical style would be preferred Capital Profit from 31/12/13 Premises at cost Machinery at cost Provision for Depreciation on machinery as at 31/12/13 Purchases Sales Opening Stock General Expenses Wages and Salaries Rent Lighting Expenses Bad Debts Provision for doubtful debts at 31/12/13 Debtors Creditors Bank 100,000 34,280 65,000 59,000 19,800 209,888 325,000 25,689 32,168 54,207 4,300 1,549 748 861 21,784 17,493 23,101 You are given the following additional information: () Stock as at 31/12/14 is 28,433 (i) Wages and Salaries due at 31/12/14 amounted to 900 (iii) Rent paid in advance at 31/12/14 amounted to 400 (iv) A depreciation charge is to be made on machinery at 15% per annum on cost