Following Trial Balance were extracted from the books of Ram as on 31st March, 2018: Debit Balances ₹ Debit Balances (Contd.) ₹ Drawings 70,000 Cash at Bank 1,24,000 Purchases 8,22,100 Cash in Hand 22,100 Sales Return 18,200 Office Furniture 35,000 Stock on 1st April, 2017 1,14,600 Bad Debts 10,000 Salaries 1,61,500 Carriage Outwards 32,400 Wages 85,600 Sundry Debtors 3,89,700 Leasehold Premises 2,50,000 Credit Balances Rent, Rates and Insurance 69,400 Capital 9,00,000 Carriage Inwards 23,100 Purchases Return 42,400 Office Expenses 95,200 Sales 14,98,400 Plant and Machinery 2,40,000 Provision for Doubtful Debts (1st April, 2017) 42,400 Light and Water (Factory) 79,500 Discount 1,800 Bills Receivable 12,400 Sundry Creditors 1,69,800 Prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as at that date after taking into account the following:(a) Depreciation is to be written off as follows: Leasehold premises 5%. Plant and Machinery 10%.(b) Write off ₹ 5,000 as further Bad Debts and make a Provision for Doubtful Debts equal to ₹ 5,000.(c) Wages amounted to ₹ 5,700 have become due but have not been paid.(d) Wages include ₹ 10,000 incurred on installation of new machine. Machine was installed on 1st April, 2017.(e) The value of stock on 31st March, 2018 was ₹ 1,49,200.(f) Unexpired premium amount to ₹ 6,800 is to be carried forward to the next year.