Prepare profit and loss account for the year ending 31st December 2007 and balance sheet on that date?

From the following Trail balance of Shri Rai Bahadur prepare Trading and Profit and Loss A/c for

the year ending 31

st

December, 2010 and Balance Sheet as on that date. The Closing Stock on 31

st

December, 2010 was valued at Rs. 25,000.