5 The trial balance of April Gilt Shop as at December 2002 was as follows April Gift Shop Trial Balance as at 31 December 2002 january 1 2002 Furniture and fixtures Drawings sales, Sales returns “Debit (8) 40 000 Credit (8) 30 860 Purchases Carriage inwards [carnage outwards Purchases returns Salary expenses Rent expenses Commissions received 4200 Discount allowed a0 | General expenses 1710 _ Bank overdraft 1500 10-year loan 19 300 a264o | geay Additional notes: 1 Stock at December 31 2002, $4850 2 Rent owing al the end of the year, $180 3 General expenses prepaid, $120 4A provision for doubitul debis is to be created for 3% of debtors Prepare: (a) the Trading and Profit and Loss Account for the year ended 31 December 2002 (b) a classified Balance Sheet as at 31 December 2002 Bad debis and provision for doubiful debs | 161