The trial balance below is from the books of Carol Singh. Prepare the Statement of Profit or Loss and a Statement of Financial Position as at October $31,2017.$

Dr Cr

$ $

Sales $28,000$

Opening stock $1,600$

Purchases $21,518$

Return inwards $750$

Carriage outwards $2,000$

Returns outwards $750$

Carriage inwards $810$

Salaries and wages $1,400$

Rent $2,800$

Motor expenses $1,910$

Furniture and fixtures $1,112$

Motor vehicle $3,500$

Accounts receivable $7,047$

Accounts payable $18,050$

Cash at bank $7,551$

Drawings $3,802$

Capital $9,00055,80055,800$

Inventory at October $31,2017$ was $$6,275.$