help is needed ASAP

QUESTION 1: 50 marks (CLO 3) The following Trial Balance was extracted from the books of Harry Davis, a sole trader on July 31,2015 , the end of his financial year : Trial Ralance as at . Ilv 31 0015 Notes: (i) Stocks on July 31,2015 was valued at $1,250,000. (ii) Rent amounting to $80,000 was outstanding on July 31,2015. (iii) On July 31, 2015 insurance amounting to $10,000 was pre-paid by Harry Davis. (iv) Discount receivable for $20,000 was not entered to the books as at July 31 , Page 4 of 4 2015. (v) The provision for bad and doubtful debts is to be adjusted to $80,000. (vi) Depreciation is to be charged as follows: Machinery 10% reducing balance; motor vehicles 20% reducing balance; furniture \& fittings 10% straight line. Required: (a) Prepare Trading and Profit and Loss Accounts for the period ending July 31, 2015. (38 marks)