Prepare Trading and Profit & Loss Account and Balance Sheet as at 31st March, 2017, from the following balances: Particulars (₹) Particulars (₹) Capital A/c 5,00,000 Stock on 1.4.2016 67,000 Drawings A/c 36,000 Salaries & Wages 24,000 Bills Receivable 5,800 Outstanding Salaries and Wages 2,000 Plant & Machinery 3,80,000 Insurance (including premium of ₹ 1,000 per annum paid upto 30-9-2017) 2,600 Sundry Debtors 58,000 Cash 46,600 Loan A/c (Cr.) at 12% p.a. 20,000 Bank Overdraft 15,000 Manufacturing Wages 40,000 Repairs & Renewals 1,600 Returns Inwards 3,000 Interest & Discount (Dr.) 4,400 Purchases 1,20,000 Bad-Debts 4,000 Sales 2,60,000 Sundry Creditors 30,000 Rent 28,000 Fixtures & fittings 12,000 Commission Received 6,000 Adjustments:- 1. Stock on hand on 31st March, 2017 was ₹ 80,000.2. Further Bad-debts written off ₹ 2,000 and Create a provision of 5% of Sundry Debtors.3. Rent has been paid up to 31st May, 2017.4. Manufacturing wages include ₹ 10,000 of a new Machinery purchased on 1st October, 2016.5. Depreciate Plant and Machinery by 10% p.a. and Fixtures and Fittings by 20% p.a.6. Commission earned but not received ₹ 1,000.7. Interest on Loan for the last two months is not paid.8. Goods worth ₹ 4,000 were distributed as free samples.