Wale started business on 1st January 2022 with D 100,000 as capital and kept few records.  
His assets and liabilities as at 31st December 2022 were as follows:  

                                    D

Premises                280,000  
Loan                       150,000  
Stock                      62,000  
Debtors                    4,800  
Creditors               13,200  
Bank                      12,400  
Wale withdrew D 17,300 cash for his personal use and deposited an additional cash of D 8,000 into the business account.  
You are required to:  
(a) Calculate the Closing Capital;  
(b) Prepare Statement of Net Profit for the year ended 31st December 2022;  
(c) Prepare the Balance Sheet as at that date.