Following balances were extracted from the books of Modern Traders on 31st March, 2018: ₹ ₹ Capital 8,50,000 Sundry Creditors 90,000 Drawings 50,000 Sales 12,00,000 Plant and Machinery 4,00,000 Postage and Telegrams 8,000 Accumulated Depreciation 90,000 Bad Debts 4,000 Stock on 1st April, 2017 1,50,000 Provision for Doubtful Debts 8,000 Purchases 8,20,000 Discounts recevied 4,000 Sundry Debtors 2,06,000 Rent Revenue 12,000 Furniture 50,000 Insurance 7,000 Freight Inwards 20,000 Salaries 2,00,000 Carriage Outwards 5,000 Wages 13,000 Rent, Rates and Taxes 46,000 Cash in Hand 62,000 Printing and Stationery 8,000 Cash at Bank 2,55,000 General Reserve 50,000 Prepare Final Accounts for the year ended 31st March, 2018 after taking into account the following:(a) Stock on 31st March, 2018 was valued at ₹ 1,50,000.(b) Outstanding Wages ₹ 5,000.(c) Provision for Doubtful Debts is to be maintaind at 5% of the Sundry Debtors.(d) Prepaid Insurance was ₹ 1,000.(e) An advance paid by the proprietor from his personal bank account of ₹ 50,000 for purchase of a machine on 1st April, 2017 was not recorded in the books. Plant and Machinery was not debited in the books by the amount paid from firm.(f) Provide Depreciation on Plant and Machinery 10% on cost and on Furniture 5%.