Dinker and Ravinder were partners sharing profits and losses in the ratio of 2:1. The following balances were extracted from the books of account, for the year ended December 31, 2017. Account Name Debit Amount Rs Credit Amount Rs Capital Dinker 2,35,000 Ravinder 1,63,000 Drawings Dinker 6,000 Ravinder 5,000 Opening Stock 35,100 Purchases and Sales 2,85,000 3,75,800 Carriage inward 2,200 Returns 3,000 2,200 Stationery 1,200 Wages 12,500 Bills receivables and Bills payables 45,000 32,000 Discount 900 400 Salaries 12,000 Rent and Taxes 18,000 Insurance premium 2,400 Postage 300 Sundry expenses 1,100 Commission 3,200 Debtors and creditors 95,000 40,000 Building 1,20,000 Plant and machinery 80,000 Investments 1,00,000 Furniture and Fixture 26,000 Bad Debts 2,000 Bad debts provision 4,600 Loan 35,000 Legal Expenses 200 Audit fee 1,800 Cash in Hand 13,500 Cash at Bank 23,000 8,91,200 8,91,200 Prepare final accounts for the year ended December 31,2017, with following adjustment: (a) Stock on December 31,2017, was Rs 42,500.(b) A Provision is to be made for bad debts at 5% on debtors(c) Rent outstanding was Rs 1,600.(d) Wages outstanding were Rs 1,200.(e) Interest on capital to be allowed on capital 4% per annum and interest on drawings to be charged 6% per annum.(f) Dinker and Ravinder are entitled to a Salary of Rs 2,000 per annum(g) Ravinder is entitled to a commission Rs 1,500.(h) Depreciation is to be charged on Building 4%, Plant and Machinery, 6%, and furniture and fixture, 5%.(i) Outstanding interest on loan amounted to Rs 350.