Mr. Tushar decided to start a computer business. For this purpose he built the first floor of his hourse at a cost of Rs. 200000 and inversted a further sum of Rs. 350000 in this business He wanted to start with 12 computers costing Rs. 40000 each. He approached ICICI Bank and secured a loan to the extent of 75% of the cost of computers. It was agreed that the loan will be repaid in four annual instalmeets as follows: At the end of First Year:Rs. 90000 + Rs. 36000 for interset At the end of second year:Rs 90000 + Rs. 27000 for interset At the end of Third year:Rs. 90000+Rs. 18000 for interset At the end of Fourth year:Rs. 90000+ Rs. 9000 for interset He started business on1st April, 2016. On the same date he deposited Rs. 3,30,000 in the Bank. He purchased Computers and Paid 25% of the value of computer from his bank Rs. 3,60,000 out of bank loan availed. He deposited Rs. 10000 for the electric connection with the Electricty Board and also deposited Rs. 150000 with the VSNL for internet and telephone connection. He spent Rs. 40000 for getting the Computer Cafe furnished and also spent Rs. 6000 in getting the pamphlets printed and distributed. All payments were to be made by cheques and all the receipts were to be deposited in bank on the same day. At the end of the year, the results were: Purchases of Computer stationary like floppy discs, CDs etc.Rs. 92000 Revenu from fees recevied from students of Computer classesRs. 270000 Revenu on Account of Internet FactilityRs. 220000 Revenu from sale of Computer Stationery160000 Wages paid to servant12000 Electricity Charges48000 Telephone Charges73000 Entertainment Expenses7000 General Expenses5200 He withdraw Rs.5000 by cheque each month for his personal expenses and duly paid the bank loan. You are requried to: (i) Journalize the above transaction post them into the Ledger and prepare a trial balance. (ii) Prepare Profit and Loss Account and Balance Sheet taking into consideration that a telephone bill of Rs. 6800 is yet to be paid (iii) Depreciate Building by 5% furniture by 20% and computers by 30%.