Sucheta & Gayatri are Partners sharing Profit and Losses in the ratio 3:2. From thefollowing Trial Balance and additional information you are required to prepare Trading and Profit and Loss Account for the year year ended 31st March 2019 and Balance Sheet as on that date.Trial Balance as on 31st March, 2019 Particulars Debit ` Credit `Purchases & Sales 65,000 1,85,500Works Manager's Salary 2,300Capital - Sucheta 75,000 - Gayatri 40,000Opening Stock 18,700Debtors & Creditors 47,500 35,000Wages & Salaries 4,000Bills Receivable 22,000Bills Payable 27,300 Discount 400Motive Power 1,350 Custom duty 1,500Interest 1,300Unproductive Wages 3,000 Audit fees 2,500 Rent 1,800 Conveyance 2,000 Goodwill 25,000Copyrights 20,000 Building 88,000 Partner (Sucheta's) Loan 6,150Investments 40,000 Cash at Bank 26,0003,70,650 3,70,650Adjustments :1) Stock on 31st March 2019 was valued at ` 19,700. 2) Goods costing ` 3,000 distributed as free sample. 3) Motive Power includes ` 500 paid for deposit of Power Meter. 4) Depreciate Building @ 5%. 5) Write of ` 2,000 for Bad debts and maintain R.D.D at 3% on Debtors. 6) Bills Receivable included dishonoured of Bill of ` 4,000.