From the following Trial Balance and adjustments given below of Reena and Aarti, you arerequired to prepare Trading and Profit and Less Account for the year ended 31 March2019 and Balance Sheet as on that date.Trial Balance as on 31" March, 2019Debit BalanceAmountCredit BalanceAmountPurchases35.500 Sales58.200Sundry Debtors40.000 Sundry Creditors25.700Safes Retums1.000 Purchases Returns500Opening Stock18.100 RDDS00Bad debts500 DiscountSOLand & Building25.000 CommissionFurniture20,000 Capital:Discount1.000Reena50.000Royalties700Aarti30.000Rent1.900Salaries3.000Wages800Insurance1.500DrawingsReena2.000Aarti1.000Cash at Bank11.500Cash in Hand2.0001.65.5001.65.500Adjustments :1) Closing Stock valued at 22.0002) Write off 900 for Bad & doubtful debts and create a provision for Reserve for doubthat debts1.0003) Create a provision for Discount on Dehtors a 3% and creditors 54) Outstanding Expenses - Wages 700 and Salaries 8005) Insurance is paid for 15 months, wel. Ist April 2018​