27. The following are the balances of M/s Gupta & Co. as on 31st March, 2017Dr.Cash in hand540 SalesCash at bank2,630 Returns outwardsPurchases account40,675 Capital accountRetums inwards680 Sundry creditorsWages account8.480RentFuel and power4.730Carriage on sales3,200Carriage on purchases2,040Stock (1.4.2016)5,760Buildings account32,000Freehold land10,000Machinery20,000Patents7.500Salanes15,000General expenses3,000Insurance6005,245Sundry debtors14,5001,76.580Drawings176980Prepare trading and profit and loss account and a balance sheet as on 31st March, 2017after taking into account the following adjustments :(1) Stock on hand 31st March, 2017 is 6.800.(1) Plant and machinery is to be depreciated at 10% and patents at 20%.(i) Salaries for the month of March, 2017 amounting to 1,500 were unpaid.(iv) Insurance includes a premium of 170 on a policy expiring on 30th Sept. 2017(v) Further bad debts are 725.(vi) Rent receivable 1,000.28. Prepare trading and profit and loss account of Udham Singh for the year 2017-18and his balance sheet on 31st March, 2018 after making the necessaryadinsiments​