3.The following balances appeared in Chali's Trail Balance as at 31st December 2018.
K
Sales. 42 800.00
Purchases. 16 000.00
Stock(01/01/18). 4 700.00
Returns Inwards. 310.00
Returns Outwards 430.00
Carriage Inwards. 800.00
Stock(31/12/18). 2500.00
Debtors. 3770.00
Drawings. 7000.00
Sundry Expenses. 5080.00
Land and Buildings. 60 000.00
Wages and Salaries. 10 310.00
Office equipment. 8 500.00
Discount Allowed. 330.00
Commission Recieved. 660.00
Creditors. 2 870.00
Capital. 72 810.00
Cash in Hand. 3 080.00

Required Prepare a
(i) Trading,Profit and Loss Account.
(ii) Balance Sheet ​