The trial balance of Snodgrass, a sole trader, at 1 January 20X3 is as follows:

The following information is given for the year:

At 31 December 20X3 the following balances are given:

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Debit Credit £'000 £'000 Capital Non-current assets (net) Trade receivables Prepayments rent 600 350 200 - insurance 12 180 Trade payables Accruals - electricity -telephore 200 Inventories Bank 20 790 790 f'000 1,000 700 30 20 25 10 100 50 Receipts from credit customers Payments to credit suppliers Paymonts for: rent insurance electricity telephone wages Proprietor's personl expenses Discounts allowed Bad debts written off Depreciation 50