From the following Trial Balance you are required to prepare trading and profit and loss account for the year ending March 31, 2017 and Balance Sheet on that date. Particulars Amount (₹) Particulars Amount (₹) Opening stock 25,000 Sales 7,00,000 Furniture 16,000 Creditors 72,500 Purchases 5,55,300 Bank Overdraft 50,000 Carriage Inwards 4,700 Provision for bad and doubtful debts 2,100 Bad debts 1,800 Discount 500 Wages 52,000 Capital 2,00,000 Debtors 80,000 Purchases Return 20,000 Sales Return 15,000 Rent 24,000 Miscellaneous Expenses 3,400 Salaries 68,000 Cash 8,900 Drawings 14,000 Buildings 1,60,000 Advertising 10,000 Interest on Bank Overdraft 7,000 10,45,100 10,45,100 Adjustments1. Closing stock valued at ₹ 36,000.2. Private purchases amounting to ₹ 5,000 debited to purchases account.3. Provision for doubtful debts 5% on debtors.4. Sign board costing ₹ 4,000 includes in advertising.5. Depreciate furniture by 10%.