The following trial balance was extracted from the books of Beta Chemist Company LTD as at 31st December 2022 Additional information 1. Value of the closing stock Shs 4,500 2. Prepaid audit fee shs.2,500 3. Provide for corporation tax at a rate of 16% of the net profit 4. Directors proposed to pay dividends to the preference share holders . 5. Directors proposed to pay dividend to ordinary share holders at a rate of 15%. 6. Accrued insurance expense shs 3,200 Required using the vertical format prepare: 1. Trading and profit and loss and appropriation A/c for the year ended 31st December 2022. 2. Balance sheet as at 31st December 2022. (16 marks)