Where can I find a solution for the problem below? 5.7 The following trial balance has been extracted from Carol Ltd as at 30 April 2012: Additional information: 1 Stock at 30 April 2012 was valued at 140,000. 2 Depreciation for the year of 28,000 is to be provided on buildings and 9000 for motor vehicles. 3 A provision of 6000 is required for the auditors remuneration. 4 2000 had been paid in advance for renewals. 5 Corporation tax owing at 30 April 2012 is estimated to be 60,000. 6 The directors propose an ordinary dividend of 10p per share. 7 The market value of the investments at 30 April 2012 was 35,000. Required: Prepare Carol Ltds trading and profit and loss account for the year to 30 April 2012 and a balance sheet as at that date. Dr Cr 000 000 Advertising 2 Bank overdraft 20 Bank interest paid 4 Creditors 80 Debtors 143 Directors remuneration 30 Freehold land and buildings: At cost 800 Accumulated depreciation at 1.5.11 102 General expenses 15 Investments at cost 30 Investment income 5 Motor vehicles: At cost 36 Accumulated depreciation (at 1.5.11) 18 Preference dividend paid 15 Preference shares (cumulative 10% shares of 1 each) 150 Profit and loss account (at 1.5.11) 100 Purchases 480 Repairs and renewals 4 Sales 900 Share capital (authorized, issued and fully paid ordinary shares of 1 each) 500 Share premium account 25 Stock (at 1.5.11) 120 Wages and salaries 221 1900 1900 Additional information: 1 Stock at 30 April 2012 was valued at 140,000. 2 Depreciation for the year of 28,000 is to be provided on buildings and 9000 for motor vehicles. 3 A provision of 6000 is required for the auditors remuneration. 4 2000 had been paid in advance for renewals. 5 Corporation tax owing at 30 April 2012 is estimated to be 60,000. 6 The directors propose an ordinary dividend of 10p per share. 7 The market value of the investments at 30 April 2012 was 35,000. Required: Prepare Carol Ltds trading and profit and loss account for the year to 30 April 2012 and a balance sheet as at that date.