From the following Trial Balance and other information prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as at that date: Particulars Dr. (₹) Cr. (₹) Sundry Debtors ................................................................................ 3,20,000 … Stock on 1st April, 2017 ................................................................................ 2,20,000 … Cash in Hand ................................................................................ 350 … Cash at Bank ................................................................................ 15,450 … Plant and Machinery ................................................................................ 1,75,000 … Sundry Creditors ................................................................................ … 1,06,500 General Expenses ................................................................................ 10,750 … Sales ................................................................................ … 13,45,000 Salaries ................................................................................ 22,250 … Carriage Outwards ................................................................................ 4,000 … Rent ................................................................................ 9,000 … Bills Payable ................................................................................ … 75,000 Purchases ................................................................................ 11,88,700 … Discounts ................................................................................ 11,000 … Premises ................................................................................ 3,45,000 … Capital on 1st April 2017 ................................................................................ … 7,95,000 Total 23,21,500 23,21,500 Stock on 31st March, 2018 was ₹ 1,24,500. Rent was unpaid to the extent of ₹ 850 and ₹ 1,500 were outstanding for General Expenses; ₹ 4,000 are to be written off as bad debts out of the above debtors; and 5% is to be provided for doubtful debts. Depreciate Plant and Machinery by 10% and Business Premises by 2%.Manager is entitled to a commission of 5% on net profit after charging his commission.