Followingt Trial Balance has been extracted from the books of Santosh on 31st March, 2018: Particulars Debit balances (₹) Credit balances (₹) Drawings 20,000 Plant and Machinery 10,00,000 Furniture and Fixtures 1,20,000 Capital A/c 19,60,000 Sales 46,80,000 Loose Tools 2,00,000 Goodwill 1,00,000 Opening Stock 2,00,000 Returns Outward 40,000 Discount 60,000 Purchases 21,20,000 Returns Inward 80,000 Wages 10,00,000 Sundry Creditors 2,40,000 Provision for Doubtful Debts 20,000 Carriage Inwards 1,20,000 Salaries 4,16,000 General Expenses 7,20,000 Rent 1,44,000 Postage 40,000 Output IGST 1,00,000 Output CGST 50,000 Output SGST 50,000 Sundry Debtors 5,60,000 Shri B. Barua 20,000 Cash and Bank Balances 1,40,000 Input IGST 1,10,000 Input CGST 45,000 Input SGST 45,500 Total 72,00,000 72,00,000 ​ Following additional information is available:(a) Stock on 31st March, 2018 was ₹3,08,000.(b) Depreciation is to be charged on Plant and Machinery at 5% and Furniture and Fixtures at 6%. Loose Tools are revalued at ₹1,60,000.(c)Provision for Doubtful Debts is to be maintained at 5% on Sundry Debtors.(d) Remuneration of ₹20,000 paid to Shri B. Barua, a temporary employee, stands debited to his personal account and it is to be corrected.(e) Unexpired insurance was ₹4,000.You are to prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as at that date.