From the following Trial Balance of M/s. Shradha & Sons as on 31st March, 2018, prepare Trading and Profit and Loss Account and Balance Sheet. Heads of Accounts Dr. Balance (₹) Cr. Balance (₹) Capital ................................................................................ … 80,000 Drawings ................................................................................ 18,000 … Sales ................................................................................ … 1,55,000 Purchases ................................................................................ 82,600 … Stock (1st April, 2017) ................................................................................ 42,000 … Returns Outward ................................................................................ … 1,600 Carriage Inwards ................................................................................ 1,200 … Wages ................................................................................ 4,000 … Power ................................................................................ 6,000 … Machinery ................................................................................ 50,000 … Furniture ................................................................................ 14,000 … Rent ................................................................................ 22,000 … Salary ................................................................................ 15,000 … Insurance ................................................................................ 3,600 … 8% Bank Loan ................................................................................ … 25,000 Debtors ................................................................................ 20,600 … Creditors ................................................................................ … 18,900 Cash in Hand ................................................................................ 1,500 … Total 2,80,500 2,80,500 Adjustments:(i) Closing Stock ₹ 64,000.(ii) Wages outstanding ₹ 2,400.(iii) Bad Debts ₹ 600.(iv) Provision for Doubtful Debts to be 5%.(v) Rent is paid for 11 months.(vi) Insurance premium is paid per annum, ended 31st May, 2018.(vii) Loan from the bank was taken on 1st October, 2017.(viii) Provide Depreciation on machinery 10% and on Furniture 5%.