From the following Trial Balance extracted from the books of Sh. Pawan Kumar, prepare a Trading Account, Profit & Loss Account for the year ended 31st March, 2014 and a Balance Sheet as at that date : Dr. Balances (₹) Cr. Balances (₹) Drawings 1,20,000 Capital 16,00,000 Plant and Machinery 12,00,000 Creditors 2,60,000 Horses and Carts 2,60,000 Sales 8,20,000 Debtors 3,40,000 Bills Payable 2,21,200 Purchases 2,00,000 Interest on Ram's Loan 1,800 Wages 80,000 Rent Received 12,000 Cash at Bank 2,60,000 Salaries 80,000 Repairs 5,000 Stock (1-4-2013) 7,000 Stock (31-3-2014) 92,000 Rent 45,000 Manufacturing expenses 15,000 Bad-Debts 50,000 Carriage 15,000 Income Tax 20,000 Life Insurance Premium 30,000 Loan to Ram at 12% p.a. 20,000 Insurance 12,000 Insurance Prepaid 1,000 29,15,000 29,15,000 Adjustments:- 1. Plant and Machinery includes a new machinery purchased on 1st October, 2013 for ₹ 2,00,000.2. Depreciate Plant and Machinery by 10% p.a. and Horses and Carts by 20% p.a.3. Salaries for the month of February and March 2014 are outstanding.4. Goods worth ₹ 15,000 were sold and dispatched on 27th March but no entry was passed to this effect.5. Make a provision for Doubtful Debts at 5% on Debtors.