From the following Trial Balance of Mr. Tarun Ghosh, prepare Trading and Profit and Loss A/c for the year ending 31st March, 2017 and a Balance Sheet as at that date: Dr. Balances (₹) Cr. Balances (₹) Opening Stock 38,000 Capital 3,00,000 Purchases 12,60,000 Secured Loan 20,000 Wages: Factory Office 20,000 1,600 Sales 15,40,000 Salary 54,000 Sundry Creditors 40,000 Business Premises 2,00,000 Returns Outwards 15,000 Furniture and Fixtures 40,000 Bills Payable 12,000 Packing Machinery 60,000 Bank 33,000 Tools 15,000 Rent 58,400 Loan to Mr. Ram Narain on 1st November, 2016 12% p.a. 10,000 Sundry Debtors 1,31,500 Cash in Hand 7,400 Drawings 60,000 Bills Receivable 4,100 19,60,000 19,60,000 Adjustments:- (i) Closing Stock amounted to ₹ 50,000.(ii) Goods costing ₹ 8,000 were sent to a customer on sale or return basis for ₹ 10,000 on 30th March, 2017 and had been recorded in the books as actual sales.(iii) Allow 8% interest on Capital and charge ₹ 3,000 as interest on drawings.(iv) Depreciate: Business premises by 5%; Furniture and Fixtures by 20% and Packing Machinery by 10%. Tools are to be revalued at ₹ 12,000.(v) 212% for discounts is to be provided on Debtors.(vi) ₹ 1,500 is to be provided for Bad and Doubtful Debts.