From the following information prepare trading and profit and loss account of M/s Indian sports house for the year ending March 31, 2017. Account Title Amount Rs Account Title Amount Rs Drawings 20,000 Capital 2,00,000 Sundry debtors 80,000 Return outwards 2,000 Bad debts 1,000 Bank overdraft 12,000 Trade Expenses 2,400 Provision for bad debts 4,000 Printing and Stationery 2,000 Sundry creditors 60,000 Rent Rates and Taxes 5,000 Bills payable 15,400 Freight 4,000 Sales 2,76,000 Return inwards 7,000 Opening stock 25,000 Purchases 1,80,000 Furniture and Fixture 20,000 Plant and Machinery 1,00,000 Bills receivable 14,000 Wages 10,000 Cash in hand 6,000 Discount allowed 2,000 Investments 40,000 Motor car 51,000 5,69,400 5,69,400 Adjustments1. Closing stock was Rs 45,000.2. Provision for doubtful debts is to be maintained 2% on debtors.3. Depreciation charged on : furniture and fixture 5%, plant and Machinery 6% and motor car 10%.4. A Machine of Rs 30,000 was purchased on October 01, 2016.5. The manager is entitle to a commission of 10% of the net profit after charging such commission.