From the following Trial Balance of Sh. Parveen Kumar, prepare Trading and Profit & Loss Account for the year ending 31st March, 2019 and a Balance Sheet as at that date: Dr. Balances (₹) Cr. Balances (₹) Stock at Commencement 40,000 Sales 5,10,000 Purchases 3,20,000 Loan from Mr. Naresh 15% p.a. 40,000 Returns Inward 7,000 Returns Outwards 8,000 Sundry Debtors 80,000 Bank 24,200 Cash 9,400 Provision for Doubtful Debts 2,500 Manufacturing Expenses 44,000 Discount 1,800 Trade Expenses 7,200 Rent of Premises sublet, for the year to 30th Sep., 2019 4,000 Carriage 3,500 Capital 1,20,000 Salaries and Wages 15,800 Sundry Creditors 47,000 Postage 1,500 Stationery 800 Freight Inwards 4,300 Land and Building 2,00,000 Patents 8,000 Furniture 10,000 Insurance Premium 6,000 7,57,500 7,57,500 Informations:-(1) Closing Stock was valued at ₹ 60,000. You are informed that goods valued ₹ 12,000 were sold and despactched on 29th March, 2019, but no entry was passed to this effect.(2) Insurance Premium include ₹ 1,200 paid on 1st October, 2018 to run for one year from Oct. 1, 2018 to Sept. 30, 2019.(3) Loan from Mr. Naresh was taken on 1st July, 2018. Interest has not been paid so far.(4) Create provision for Doubtful Debts at 5% on Sundry Debtors after writing off ₹ 600 as Bad-debts during the year.(5) A bill of ₹ 3,200 for advertisement in newspaper remained unpaid at the end of the year.(6) Purchases include Furniture costing ₹ 5,000 purchased on 1st April, 2018.(7) Charge 10% p.a. depreciation on Furniture and write off 15th of patents.