The following trial balance is extracted from the books of M/s Ram on March 31, 2017. You are required to prepare trading and profit and loss account and the balance sheet as on date: Account title Amount Rs Account title Amount Rs Debtors 12,000 Apprenticeship premium 5,000 Purchases 50,000 Loan 10,000 Coal, gas and water 6,000 Bank overdraft 1,000 Factory wages 11,000 Sales 80,000 Salaries 9,000 Creditors 13,000 Rent 4,000 Capital 20,000 Discount 3,000 Advertisement 500 Drawings 1,000 Loan 6,000 Petty cash 500 Sales return 1,000 Machinery 5,000 Land and building 10,000 Income tax 100 Furniture 9,900