Prepare the trading and profit and loss account and a balance sheet of M/s Shine Ltd. from the following particulars. Account TitleAmountRsAccount TitleAmountRsSundry debtors1,00,000Bills payable85,550Bad debts3,000Sundry creditors25,000Trade expenses2,500Provision for bad debts1,500Printing and Stationary5,000Return outwards4,500Rent, Rates and Taxes3,450Capital2,50,000Freight2,250Discount received3,500Sales return6,000Interest received11,260Motor car25,000Sales1,00,000Opening stock75,550 Furniture and Fixture15,500 Purchases75,000 Drawings13,560 Investments65,500 Cash in hand36,000 Cash in bank53,000 4,81,310 4,81,310 Adjustments1. Closing stock was valued Rs 35,000.2. Depreciation charged on furniture and fixture 5%.3. Further bad debts Rs 1,000. Make a provision for bad debts 5% on sundry debtors.4. Depreciation charged on motor car 10%.5. Interest on drawing 6%.6. Rent, rates and taxes was outstanding Rs 200.7. Discount on debtors 2%.