​On 31st March, 2018 the following Trial Balance was extracted from the books of Mohan: Particulars Debit Balances (₹) Credit Balances (₹) Capital 3,00,000 Plant and Machinery 50,000 Debtors 2,00,000 Creditors 1,00,000 Loan 95,000 Interest on Loan 3,000 Cash 20,000 Provision for Doubtful Debts 7,000 Stock on 1st April, 2017 68,000 Motor Vehicles 1,00,000 Bank 35,000 Land and Building 1,20,000 Bad Debts 5,000 Purchases 6,60,000 Sales 11,00,000 Purchases Return 15,000 Sales Return 80,000 Carriage Outwards 25,000 Carriage Inwards 30,000 Salaries 90,000 Rent and Insurance 30,000 Advertising 35,000 Discount Received 5,000 General Expenses 34,000 Bills Receivable 60,000 Bills Payable 20,000 Rent Received 3,000 Total 16,45,000 16,45,000 ​ Prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as at that date after taking into account the following:(a) Stock as at 31st March, 2018 was valued at ₹70,000.(b) All debtors are considered good for recovery.(c) Depreciate Motor Vehicles by 20%.(d) Bank intimation of customer's cheque of ₹10,000 being dishonoured is not recorded in the books.(e) Travelling expenses of ₹5,000 paid to sales person was wrongly debited to his Personal Account and was included in debtors.(f) Amount of ₹6,000 received from Ronit was credited to his account and was included in creditors. This amount was written off as bad debt in earlier years.(g) Drawings included an amount of ₹2,000 being amount drawn in cash. It was used by Mohan for Purchase of stationery used in business.