Following balances are taken from the books of Niranjan. Prepare Trading and Profit and Loss Account and Balance Sheet for the year ended 31st March, 2019: Particulars ₹ Particulars ₹ Capital 12,00,000 Drawings 2,10,000 Opening Stock 4,50,000 Plant and Machinery 2,40,000 Furniture 15,000 Purchases 29,50,000 Sales 43,50,000 Insurances 15,000 Purchases Return 40,000 Sales Return 70,000 Rent 50,000 Trade Expenses 20,000 Salaries 2,40,000 Wages 4,00,000 Bad Debts 10,000 6% Investments 5,00,000 Sundry Debtors 4,00,000 Sundry Creditors 1,90,000 Bills Payable 8,000 Cash 1,22,000 Advertisement Expenses 60,000 Miscellaneous Income 12,000 Patents 48,000 Adjustments:(i) Closing Stock ₹ 7,50,000.(ii) Depreciate Machinery by 10% and Furniture by 20%.(iii) Wages ₹ 50,000 and salaries ₹ 20,000 are outstanding.(iv) Write off ₹ 50,000 as further Bad Debts and create 5% Provision for Doubtful Debts. Also, create a reserve for discount on Debtors 2%.(v) Investments were made on 1st July, 2018 and no interest has been received so far.