Following is the Trial Balance as on 31st March 2016. Prepare Trading and Profit and Loss Account and Balance Sheet :- Particulars Debit (₹) Credit (₹) Stock (1st April 2015) 8,000 Sales 2,20,000 Purchases 1,26,000 Productive Wages 56,500 Salaries 16,000 Stores Consumed 6,050 Carriage 3,050 Rent and Rates 5,200 Insurance 1,320 Machinery 52,000 Building 67,000 Capital less Drawings 1,45,600 Sundry Debtors 44,000 Sundry Creditors 20,000 Secured Loan 15,000 Furniture 3,350 General Expenses 2,600 Cash in hand 1,930 Bad Debts 1,020 Bank 6,580 Total 4,00,600 4,00,600 Additional Information :(a) Stock on 31st March 2016 is ₹ 20,600.(b) Depreciate machinery 10% p.a.(c) Make a Provision 5% for Doubtful Debts.(d) Provide 212% for discount on sundry debtors.(e) Rent and Rates include security deposit of ₹ 400.(f) Insurance prepaid ₹ 120.