Amar Akhar and Anthony share profits and losses in the ratio of 3: 2:1respectively. Their statement of affairs on 31st March, 2018 was as follows:Statement of Affairs as on 31st March, 20187.800Sundr Creditos230,000 CashOutstanding Expenses100 BRCapital AlesSundry Debtors1.00.000Land & BuildingsAnthony40.000 200.000 FurnitureMachinen1.40.00010,0001.18.000On 31st March, 2019 their cash in hand 3 8.000 Cash at Bank 6,000, BR3.000. Sundry debtors ? 1.40.000 and Stock * 1.65 400. On this date Sundry Creditors258.600. Bills payable * 22.000 and outstanding expenses were 400. Anthonyintroduced additional capital of 10.000. The partners had withdrawn 35,000 out ofwhich * 12.000 were drawn by Akbar. 18.000 by Anthony and balance by Amar.Charged depreciation at 10% on Furniture and Machinery and 6% on Land andBuilding. Interest is to be allowed at 5% on Capital. Ascertain the Profit or Loss of thefirm for the year ended 31st March, 2019 and prepare the Balance Sheet as on that date.​