From the following Trial Balance, prepare Trading Account, Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as at the date: Debit Balances ₹ Credit Balances ₹ Purchases 3,00,000 Sales 4,79,760 Drawings 3,500 Purchases Return 12,200 Plant and Machinery 1,23,000 Capital 5,90,000 Motor Vehicles 1,76,000 Creditors 11,870 Building 3,80,000 Bank Loan 33,700 Sundry Debtors 80,000 Stock in Trade (1.4.2017) 8,400 Sales Return 1,800 Wages 2,800 Carriage Inwards 890 Carriage Outwards 300 Telephone Charges 3,290 Salaries 12,000 Insurance and Taxes 31,200 Printing and Stationery Expenses 1,350 Cash in Hand 3,000 11,27,530 11,27,530 Following adjustments are to be considered:(i) Closing Stock ₹ 15,270.(ii) Printing and Stationery expenses due ₹ 58,650.(iii) Outstanding liabilities for salaries ₹ 12,000(iv) An old machine value at ₹ 12,000 (Book Value of which was ₹ 2,000) was given in exchange for a new machine purchased on 1st April, 2017. The machine given in exchange was not recorded in the books. Cheque issued for new machine purchased was accounted in the books of account.(v) Depreciation 10% p.a. is to be provided on all fixed assets except building.