From the following balances of M/s Jyoti Exports, prepare trading and profit and loss account for the year ended March 31, 2017 and balance sheet as on this date. Account Title Debit Amount Rs Account Title Credit Amount Rs Sundry debtors 9,600 Sundry creditors 2,500 Opening stock 22,800 Sales 72,670 Purchases 34,800 Purchases returns 2,430 Carriage inwards 450 Bills payable 15,600 Wages 1,770 Capital 42,000 Office rent 820 Insurance 1,440 Factory rent 390 Cleaning charges 940 Salary 1,590 Building 24,000 Plant and Machinery 3,600 Cash in hand 2,160 Gas and Water 240 Octroi 60 Furniture 20,540 Patents 10,000 1,35,200 1,35,200 Closing stock Rs 10,000.1. To provision for doubtful debts is to be maintained at 5 per cent on sundry debtors.2. Wages amounting to Rs 500 and salary amounting to Rs 350 are outstanding.3. Factory rent prepaid Rs 100.4. Depreciation charged on Plant and Machinery 5% and Building 10%.5. Outstanding insurance Rs 100.