Chakravarti does not maintain proper books of accounts. Following information is obtained from his books for the year ended 31st March, 2008:Cash Transactions: ₹ ₹ Received from Debtors 72,000 Staff Salary 4,500 Paid to Creditors 56,000 Wages 15,000 Drawings 5,000 Office Expenses 2,000 Received from Cash Sales 30,000 Rent 3,500 Life Insurance Premium 800 Cash in hand on 31-3-2008 16,700 Assets and Liabilities: 1-4-2007 ₹ 31-3-2008 ₹ Debtors 24,000 56,000 Creditors 30,000 40,000 Outstanding Salaries 500 450 Outstanding Wages 1,000 1,200 The Stock on 31st March, 2008 was valued at ₹ 20,000 but Chakravarti has no record of the Stock on 1st April, 2007. However, he informs you that he sells his goods at cost plus 25%.Prepare his Cash Book, Trading and P & L A/c for the year ended 31st March, 2008 and a Balance Sheet as at that date.