you may adjust the figure of rent and rates, and insurance according to you

(3) Betty toron de trial balance from her account pat in Table format from her accounts on 31 December 2010 DR CR Purchases and Sales 124,000 222,700 Stock at 1" January 2016 9,300 Capital 114,500 Bank 8,600 Premises 93,000 Machinery 56,000 Provision for Depreciation on Machinery 18.700 Commission Received 1.900 Debtors and Creditors 18,400 6,500 Discount Allowed and Discount Received 1,200 1,500 Insurance -10,200 Repairs & Maintenance 7.400 Wages & Salaries 47,300 Rent & Rates 7,000 Carriage Inwards 600 374,400 374.400 The following information is also available. the closing stock at 21" December 2016 was valued at $11,200 b) Commission receivable of $6,000 was owing at 21/12/2016 c) At 31" December 2016, Wages & Salaries owing amounted to 26,700 while Rent & Rates were prepaid by 428,000. The insurance included 411,200 covering a private insurance premium for Betty Brown e) Depreciation is to be provided on Machinery at the rate of 20% by reducing balance method. Required a) Prepare the Trading, Profit and Loss Account of Betty Brown for the year ended 31" December 2016 and the b) Balance Sheet as at that date, (12 Marks) 120 Marks/