Following is the Balance Sheet of Oswal Publications as at 31-03-2018. ParticulrsNote31-03-201731-03-2016No. Rs RsI. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital7,00,0006,00,000 (b) Reserve and Surplus2,00,0001,10,000 (2) Non-current Liabilities: (a) Long-term Borrowings3,00,0002,00,000 (3) Current Liabilities: (a) Trade Payables 30,000 25,000 Total12,30,0009,35,000II. ASSETS (1) Non-current Assets: (a) Fixed Assets11,00,0008,00,000 (2) Current Assets: (a) Inventories 70,000 60,000 (b) Trade receivables 32,000 40,000 (c) Cash and Cash Equivalents 28,000 35,000 Total12,30,0009,35,000 Additional Information : During the year, a piece of machinery of the book value of Rs. 80,000 was sold for Rs. 65,000. Depreciation provided on machinery during the year amounted to Rs. 2,00,000.