The following trial balance has been extracted from the books of Perkins, a sole trader, at 31 March 2004.

Stock at 31 March 2004 was $10 000. 

Required 

Prepare Perkin's Trading and Profit and Loss Account for the year ended 31 March 2004.

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Account Premises Plant and Machinery Sales Sales Returns Purchases Purchases Returns Stock at 1 April 2003 Wages Rent Payable Rent Receivable Heating and Lighting Repairs to Machinery Interest on Loan Discounts Allowed Discounts Received Trade debtors Trade creditors Bank Drawings Long-term Loan Capitali $ 60 000 12 000 3 700 59 000 6 000 13 000 2 000 2 700 4 100 750 1 030 1 624 5 000 10 096 104 000 2 550 bas ghibsit 1 800 770 1 880 15 000 55 000 181 000181 000