Following is the Trial Balance of Atam Prakash as on 31st March, 2018: Heads of Accounts Dr. Balances (₹) Cr. Balances (₹) Capital A/c ................................................................................ … 8,00,000 Drawings A/c ................................................................................ 60,000 … Stock on 1st April, 2017 ................................................................................ 4,50,000 … Purchases ................................................................................ 26,00,000 … Sales ................................................................................ … 31,00,000 Furniture ................................................................................ 1,00,000 … Sundry Debtors ................................................................................ 4,00,000 … Freight and Octroi ................................................................................ 46,000 … Trade Expenses ................................................................................ 5,000 … Salaries ................................................................................ 55,000 … Rent ................................................................................ 24,000 … Advertisement Expenses ................................................................................ 50,000 … Insurance Premium ................................................................................ 4,000 … Commission ................................................................................ … 13,000 Discount ................................................................................ 2,000 … Bad Debts ................................................................................ 16,000 … Provision for Doubtful Debts ................................................................................ … 9,000 Creditors ................................................................................ … 2,00,000 Cash in Hand ................................................................................ 52,000 … Bank ................................................................................ 58,000 … Land and Building ................................................................................ 2,00,000 … Total 41,22,000 41,22,000 Adjustments:(i) Stock on 31st March, 2018 was valued at ₹ 5,30,000.(ii) Salaries have been paid so far for 11 months only.(iii) Unexpired insurance is ₹ 1,000(iv) Commission earned but not yet received amounting to ₹ 1,220 plus IGST 12% is to be recorded in books of account.(v) Provision for Doubtful Debts is to be bought up 3% of Sundry Debtors.(vi) Manager is to be allowed a commission of 10% on net profits after charging such commission.(vii) Furniture is depreciated 10% p.a.(viii) Only one-fourth of advertisement expenses are to be written off.Prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as on that date.