The trial balance extracted from Tikolo's books at 31 March 2004 is as follows.

During the year, Tikolo had taken goods costing $2000 for his own use. This had not been recorded in the books. Stock at 31 March 2004 cost $20 000. 

Required 

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

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Account Sales Sales Returns Purchases Purchases Returns Stock at 1 April 2003 Carriage Inwards Carriage Outwards Discounts Received Discounts Allowed Wages Rent Heating and Lighting Sundry Expenses Fixtures and Fittings Office Furniture Trade debtors Trade creditors Bank Drawings Capital 3 600 120 000 18.000 5.000 3 724 5 020 36 800 8 000 6 450 was 1 143 SAN 9 000 2.000 1970 2 496 20 527 243 730 in $ 204 000 4 440 MARISA 316 3 160 2 130 30 000 243 730