Following Trial Balance has been extracted from the books of Shri Sunder Lal on 31st March, 2018: Particulars Debit Balances (₹) Credit Balances (₹) Cash in Hand and at Bank .............................................................. 77,400 … Capital .............................................................. … 30,00,000 Drawings .............................................................. 1,26,000 ... Bills Receivable .............................................................. 37,200 … Land and Building .............................................................. 6,51,600 … Furniture .............................................................. 1,02,400 … Wages .............................................................. 9,37,700 … Discount Allowed .............................................................. 79,200 … Discount Received .............................................................. … 59,700 6% Loan .............................................................. … 3,00,000 Bank Charges .............................................................. 2,100 … Bad Debts .............................................................. 27,600 … Sundry Debtors .............................................................. 13,15,500 … Office Salaries .............................................................. 1,28,400 … Purchases .............................................................. 39,81,600 … Stock on 1st April, 2017 .............................................................. 12,04,500 … Sales Return .............................................................. 37,500 … Carriage Inwards .............................................................. 1,03,600 … General Expenses .............................................................. 1,53,600 … Plant and Machinery .............................................................. 4,32,800 … Rent .............................................................. 72,600 … Purchases Return .............................................................. … 29,100 Sales .............................................................. … 56,30,100 Insurance .............................................................. 14,100 … Provision for Doubtful Debts .............................................................. … 93,000 Sundry Creditors .............................................................. … 3,73,500 Total 94,85,400 94,85,400 Closing Stock on 31st March, 2018 was ₹ 12,74,000. You are required to prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as at that date after making the following adjustments:(a) Depreciate Plant and Machinery 10% and Furniture 5%.(b) Provision for Doubtful Debts to be maintained at ₹ 1,50,000.(c) Insurance includes annual premium of ₹ 7,200 on a policy which will expire on 30th September, 2018.(d) Purchases include a computer costing ₹ 60,000 purchased on 1st July, 2017 and is subject to depreciation 10% p.a.