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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

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.

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