A retail Trader has not kept proper books of accounts. Ascertain his profit or loss for the year ending 31st March, 2017, and prepare a final statement of affairs from the following information: 1st April, 2016 31st March, 2017 ₹ ₹ Cash Balance 3,500 4,100 Bank Balance Dr. 6,000 Cr. 15,000 Stock 22,000 36,400 Sundry Debtors 18,800 34,500 Sundry Creditors 12,100 8,000 Loan from X – 10,000 Bills Receivable 4,000 – Fixed Assets 40,000 60,000 He withdrew from the business ₹ 1,500 per month for his personal use and ₹ 8,000 for giving a personal loan to his brother. He also used a house for his personal purposes, the rent of which at the rate of ₹ 900 per month and electricity charges at an average rate of ₹ 250 per month were paid from the business account.He had received a lottery prize of ₹ 25,000, out of which he invested half the amount in business.He has not paid two months' salary to his clerk ₹ 1,200 per month, but insurance premium ₹ 600 per annum was paid on 1st October, 2016 to run for one year.Loan from X was taken on 1st July, 2016 on which interest was unpaid 18% p.a.Fixed assets are to be depreciated 10% p.a.