please show all the working and formulas involved and be thorough.

Question One (a) The following trial balance have been taken out from the books of Jude Ltd as on 31st December, 2016. Cr. kshs Plant and Machinery Opening stock Purchases Building Carriage inward Carriage outward Wages Sundry debtors Salaries Furniture Trade expense Discount on sales Advertisement Bad debts Drawings Dr. kshs 100,000 60,000 160,000 170,000 3,400 5,000 32,000 100,000 24,000 36,000 12,000 1,900 5,000 1,800 10,000 50,000 4,400 20,000 Bills receivable Insurance Bank balances Sales Interest received Sundry creditors Bank loan Discount on purchases Capital 480,000 2.000 40,000 100,000 2,000 171,500 795,500 795,500 Closing stock is valued at Kshs 90,000 Required: Prepare the trading and profit and loss account of the business for the year ended 31.12.2016 and a balance sheet as at that date. (10marks)