Gopal keeps incomplete records. On 1st April, 2016, his position was as follows: STATEMENT OF AFFAIRS Liabilities (₹) Assets (₹) Bank Overdraft 7,500 Cash 6,400 Sundry Creditors 15,000 Stock 52,000 Capital 1,64,500 Sundry Debtors 28,000 Fixed Assets 1,00,000 Prepaid Expenses 600 1,87,000 1,87,000 His position on 31st March, 2017 was as follows:Cash in hand ₹ 3,000; Cash at Bank ₹ 5,000; Stock ₹ 44,000; Debtors ₹ 21,000; Fixed Assets ₹ 80,000; Creditors ₹ 22,000.You are informed that Gopal has taken stocks worth ₹ 4,500 for his private use and that he has been regularly transferring ₹ 2,000 per month from his business banking account by way of drawings. Out of his drawings he spent ₹ 15,000 for purchasing a Scooter for the business on 1st October, 2016.You are requested to find out his profit or loss and to prepare the Statement of Affairs after considering the following :1. Depreciate Fixed Assets and Scooter by 10% p.a.2. Write off Bad-Debts ₹ 1,000 and provide 5% for doubtful debts on Sundry Debtors.3. Commission earned but not received by him was ₹ 2,500.