Balance you are required to prepare a Trading and Profit and Loss A/c for the year ended 31" March, 2013 and a BalanceSheet as on that date, after taking into consideration the additional information provided.Trial Balance as on 31st March, 2013ParticularsDebit (6) Credit (R)Purchases & Sales1,24,5002,54,800Capital - Ramesh25,000Capital - Suresh30,000Debtors & Creditors14,57054,200Machinery72,000Plant50,000Land and Building1,32,000RDD2,500Bad Debts5,400840CashBank Overdraft26,40045,025Salaries25,060Wages1,240Office Expenses41,570Opening Stock1,250Postage & Telegram3,245Carriage Inward1,25,00012% Bank Loan6,300Discount Received7,5005,24,200 5,24,200InsuranceAdditional Information : 1) Closing stock was valued at $78,450.2) Ramesh withdrew goods worth 10,050 for personaluse. 3) Machinery is depreciated at 10% whereas plant at 5%, 4) Insurance was for 2 years starting from 1.10.20125) Partners decided to maintain RDD at 4% of Debtors.​