The following Trial balance was extracted from the books of Peter Jatto copy Ltd as at 31st December 2017. DR CR N N Issued and fully paid 200,000 ordinary Shares: of N1.00 each. 200,000 Share Premium 100,000 General Reserve 80,000 Profit & loss account 30,000 Salary & wages 50,000 Discount 2,000 4,000 Carriage inward 1,600 Purchase & sales 450,000 917,400 Stock 1st January 80,000 Carriage outwards 5,600 Loan 240,000 Interest on loan 10,000 Provision for bad & doubtful debts 20,000 Preliminary expenses 120,000 Motor vehicle expenses 18,000 Directors Salaries 60,000 Repairs to premises 2,500 Rates 16,000 Premises at cost 200,000 Motor vehicles at cost 230,000 Plant & Machinery at cost 250,000 Provision for depreciation: Plant & machinery 25,000 Debtors & Creditors 123,900 80,000 Sunday Expenses 35,000 Cash in hand 3,000 Cash at bank 40,000 Returns 2,400 3,600 . 1,700,000 1,700,000 Additional Information: Stock at close N125,000 Expenses unpaid: Motor Expenses N 2,000 Insurance 4,500 Sunday expenses 4,000 Prepaid Expenses: Rates N3,200 Sunday Expenses 2,500 - Provision for bad debts to increase to N28,000. - Part of the premises is sublet at N24,000 per annum. - Monthly salaries and wages bill N4,000. - Bad debts at 31st December N6,000. - Loan interest is 5% per annum. - Provide for depreciation on a straight line method. - Premises 2%. - Plant and machinery 25%. - Motor Vehicles 10%. - Writing off preliminary expenses. - Transfer to general referees N50,000 and N50,000 to revenue reserve. Prepare: (i) Trading profit and loss and appropriation account for the year ended 31st December 2017. (ii) A balance sheet as at date