From the following balances extracted from the books of Sharma, prepare the Trading and Profit & Loss Account for the year ended 31st March 2019 and Balance Sheet as at that date after taking into consideration the adjustments given below: Trial Balance as at 31st March, 2019 Particulars Dr. (₹) Cr. (₹) Drawing and Capital 7,500 50,000 Purchases and Sales 72,100 95,000 Returns 1,300 2,700 Sundry Debtors and Creditors 18,200 35,750 Stock (1.04.2018) 19,800 - Bad Debts 3,000 - Bill Receivable and Payable 12,000 23,000 Cash in Hand 300 - Office Expenses 6,210 - Sales Van 15,000 - Sales Van Expenses 1,400 - Discount - 2,910 Rent and Taxes 10,700 - Telephone Charges 1,050 - Postage 950 - Furniture 5,000 - Printing and Stationery 2,750 - Commission 8,400 - Carriage Inwards 3,200 - Salaries and Wages 20,500 2,09,360 2,09,360 Adjustments:(i) Closing Stock was valued at ₹ 61,700.(ii) Depreciate Furniture and Machinery 10% p.a. and Sale Van 20% p.a.(iii) Outstanding Rent amounted to ₹ 900.(iv) Bad Debts ₹ 200.(v) Make a provision for Doubtful Debts 5% on Debtors.(vi) Charge one-fourth of salaries and wages to the Trading Account.(vii) A new machinery was purchased on credit and installed on 31st December 2018 costing ₹ 15,000. No entry for the same has yet been passed in the books.