Prepare financial statement of the firm Ramesh and MaheshFollowing is the Trail Balance of Chharavilm Ltd. as on 31 March, 2020:Name of AccountsDebit CreditAmount Rs. Amount Rs.Equity Share Capital25,00,00010% Preference Share Capital15,00,000Office and Sales Expenses2,00,000Purchase less Returns33,00,00010% Debentures10,00,000Sales less Returns48,00,000Computer Software2,00,000Computers5,00,000Wages8,00,000Debentures Interest100,000Salary4,00,000Bank Overdraft20,000Land and Building20,00,000Opening Stock1.50,000Discount ReceivedDebtors and Creditors7,50,000BUL1,00,000Proposed DividendDepreciations and AmortizationsNon-Current Investments8,00,000Current Investments2.00.000Total 100,00.000 100.00.000Additional Information1. The value of Closing Stock Is Als. 1,80,0002. The Tax Provision is to be created @ 50% of the Profit of the year,From the above information prepare Financial Statements of the company for the yearended as at 31 March, 2020 as per scheduled Ill of the Companies Act 2013. Notesto the accounts are not required​