Following information is obtained from the books of Vinay, who maintained his books of account under Single Entry System: 1. Receipts for the year ended 31st March, 2019: ₹ From Debtors 88,125 Cash Sales 20,625 Paid by Vinay 12,500 1,21,250 2. Payments during the year: New plant bought 3,125 Drawings 7,500 Salaries 5,625 Wages 33,625 Interest paid 375 Rent paid 6,625 Light and power 2,375 Sundry Expenses 10,625 Sundry Creditors 38,125 1,08,000 Vinay banks all receipts and makes payments by means of cheque. 3. Assets and Liabilities As at 31st March, 2018 (₹) As at 31st March, 2019 (₹) Sundry Creditors 12,625 12,000 Sundry Debtors 18,750 30,625 Bank 3,125 ? Stock 31,250 15,625 Plant 37,500 36,575 From the above information, prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as on that date.