The balances extracted from the books of Cara Van at 31 December 20X2 are given below:

___________________________________________________________£

Drowings .......................................................................7,180

Heating and lighting...........................................................1,234

Stationery and postage..........................................................268

Carriage outwards..............................................................4,446

Insurance........................................................................1,618

Wages and salaries...........................................................18,910

Inventories at 1 january 20x2...............................................42,120

Purchases.......................................................................74,700

Sales revenue.................................................................131,040

Rent and rates...................................................................2,990

General expenses...............................................................1,460

Discount received.................................................................426

Plant and machinery...........................................................9,060

Cash at bank.......................................................................3,222

Cash in hand............................................................................65

Trade receivables..............................................................1,920

Trade payables..................................................................630

Sales returns..................................................................1,310

Purchases returns...............................................................747

Required

a. Prepare the trial balance.

b. What is the missing account?

Additional information

At 31 December 20X2:

1. Inventories are valued at £33,990;

2. Rent amounting to £310 is still owing;

3. Insurance paid in advance is £220.

Required

Prepare the statement of profit and loss for the year ended 31 December 20X2 and a statement of financial position at that date, after adjusting for the other information that has come to light.

(An adjusted trial balance is not required; show the adjustments to the ledger accounts.)