The information below relates to Half-Bilha Traders for the year ended 30^th September 2009;

Net sales                      300,000

Cost of sales                150,000

Bad debts                       30,000

Wages                            25,000

Discount received          25,000

Rent                                 6,000

Carriage inwards            18,000

Carriage outwards         12,000

            Prepare a profit and loss account for the business