Mr. Girdhari Lal does not keep full double entry records. His balance as on April 01, 2016 is as. Liabilities Amount Rs Assets Amount Rs Sundry creditors 35,000 Cash in hand 5,000 Bills payable 15,000 Cash at bank 20,000 Capital 40,000 Sundry debtors 18,000 Stock 22,000 Furniture 8,000 Plant 17,000 90,000 90,000 His position at the end of the year is: Rs Cash in hand 7,000 Stock 8,600 Debtors 23,800 Furniture 15,000 Plant 20,350 Bills payable 20,200 Creditors 15,000 He withdrew Rs 500 per month out of which to spent Rs 1,500 for business purpose. Prepare the statement of profit or loss.