Please assist or guide me in completing this assignment, having difficulties understanding. I started working on it but got stuck.

Question 1 Caribbean Development Ltd is a manufacturing company that prepares its final accounts annually. On December 31, 2012 the following Trial Balance was extracted from the company's books: Trial Balance as at December 31, 2012 Details/Accounts Dr $ Cr $ Sales 170,400,000 Return of direct raw materials 120,000 Accounts receivable and payable 10,000,000 7,000,000 Rent payable and receivable 6,000,000 1,500,000 Electricity 3,000,000 Cash in hand 3,800,000 Direct raw materials January 1, 2012 15,000,000 Commission payable and receivable 8,00,000 2,000,000 Insurance 1,200,000 Purchases of direct raw materials 50,320,000 Indirect labour charge 4,000,000 Discounts 3,500,000 4,200,000 Returns of finished goods 400,000 Finished goods, January 1, 2012 20,000,000 Machinery 25,000,000 Provision for depreciation on machinery 5,000,000 Work-in-progress, January 1, 2012 5,000,000 Capital 54,200,000 Transportation charge for direct raw materials 2,500,000 Office furniture 4,000,000 Labour charge for producing goods 30,000,000 Cash at bank 2,000,000 Stationery 1,500,000 Direct expenses 5,000,000 Motor vehicle repairs 1,000,000 Purchases of indirect raw materials 6,500,000 Motor vehicles 30,000,000 Provision for depreciation on motor vehicles 6,000,000 Salaries 15,000,000 Provision for bad and doubtful debts 300,000 Provision for unrealized profits 2,000,000 Audit fees 1,600,000 Indirect raw materials, January 1,2012 2,400,0000 254,720,000 254,720,000 Notes: (i) Motor vehicles are used of the time by the factory. (ii) Apportion electricity charges 80% factory; 20% office. (iii) (iv) (v) The company adds 15% factory profit to its cost of production. Rent receivable amounting to $100,000 related to January 2013. Discounts allowed of $50,000 were not recorded in the accounts on the date of the Trial Balance. (vi) Allocate insurance charges as follows: 0.70 factory; 0.30 office. (vii) $200,000 of the insurance related to the first quarter of 2013. (viii) Depreciation is to be charged as follows: Machinery 10% per annum Reducing Balance; Motor Vehicles 10% Straight Line; Office Furniture 5% on cost. (ix) Stocks on December 31, 2012 were as follows: Direct raw materials $12,000,000; Work-in-progress $5,500,000; Finished goods $16,000,000; Indirect raw materials $1,300,000. (x) The provision for bad and doubtful debts is to be adjusted to $500,000. Required: (a) Prepare the company's Manufacturing, Trading and Profit and Loss Account for the year ending December 31, 2012. (10 marks) (b) A Balance Sheet as at December 31, 2012. (5 marks) (c) Discuss the accounting concept of \"provision for unrealized profit\