Krishna Kulkarni has not kept proper books of accounts prepare the statement of profit or loss for the year ending December 31, 2011 from the following information: April. 01, 2016 March. 31, 2017 Rs Rs Cash in hand 10,000 36,000 Debtors 20,000 80,000 Creditors 10,000 46,000 Bills receivable 20,000 24,000 Bills payable 4,000 42,000 Car – 80,000 Stock 40,000 30,000 Furniture 8,000 48,000 Investment 40,000 50,000 Bank balance 1,00,000 90,000 The following adjustments were made:(a) Krishna withdrew cash Rs 5,000 per month for private use.(b) Depreciation 5% on car and furniture 10%.(c) Outstanding Rent Rs 6,000.(d) Fresh Capital introduced during the year Rs 30,000.