The following trial balance was extracted from the books of Kigumo Enterprises for the year ended

31/12/2014.

KIGUMO ENTERPRISES

TRIAL BALANCE

AS AT 31^ST DEC. 2014

	DR (shs)	CR(shs)
Capital		250,000
Drawings	33,000
Opening stock	47,000
Purchases	300,000
Sales		420,000
Returns inward	4,000
Returns outward		7,000
Carriage outward	10,000
Carriage inward	28,000
Discount allowed	4,000
Furniture	25,000
Motor vehicle	145,000
Creditors		55,000
Discount received		14,000
Premises	100,000
debtors	50,000	_______
	746,000 ======	746,000 ======

Closing stock was valued at shs 55,000 while depreciation on motor vehicles was shs 15,000

Required:

Trading and profit and loss account for the year ended 31^st Dec. 2014.

Balance sheet as at 31^st Dec. 2014