Roshan, whose accounts are maintained by Single Entry System, acquired a retail business on 1st April, 2017. He had ₹40,000 of his own and he borrowed ₹ 20,000 from his wife. He paid ₹15,000 for Goodwill, ₹5,000 for Furniture and ₹35,000 for Stock.Total cash received by him during the financial year from the Debtors was ₹2,30,000. His payments were: ₹ Purchases 1,56,000 Salary and Wages 21,400 Trade Expenses 7,200 Rent: For business premises 5,920 For private house 2,960 Payments made for domestic purposes and drawings 26,400 At the end of the year, the Stock was ₹37,500. He owed ₹13,500 to Creditors for goods and his customers owed to him ₹15,000. Provide 5% for Depreciation on Furniture, Interest at 5% on wife's Loan and ₹1,000 for Doubtful Debts.Prepare the Cash Account, the Profit and Loss Account for the year ended 31st March, 2018 and the Balance Sheet at the close of the year.