From the following balances, as on 31st March, 2018, prepare Trading and Profit and Loss Account and Balance Sheet: ₹ ₹ Capital Account 1,00,000 Returns Outward 5,000 Plant and Machinery 40,000 Rent 4,000 Sundry Debtors 24,000 Sales 1,64,000 Sundry Creditors 12,000 Manufacturing Expenses 8,000 Life Insurance Premium 12,000 Trade Expenses 7,000 Purchases 1,05,000 Bad Debts 2,000 Wages 50,000 Carriage 1,500 Bank 10,000 Bills Payable 7,000 Repairs 500 Returns Inward 4,000 Stock (1st April, 2017) 20,000 Closing Stock on 31st March, 2018 was valued at ₹ 14,500.