Prepare trading account and profit and loss account from the following particulars for the year ended 31st December, 2015. ParticularsAmt. (Dr.)Amt (Cr.)Cash in Hand 7,600Cash at Bank 16,218Purchases and Sales3,16,0006,50,000Return Inwards 5,000Return Outwards 3,600Carriage on Purchases 2,000Carriage on Sales 600Fuel and Power 7,800Stock 1.1.2015 56,420Building1,64,000Machinery2,25,000Debtors and Creditors1,44,000 44,000Investments1,00,000Interest on Investments 2,000Loan from Narayan on 1.7.2015 10% per annum 40,000Repairs 8,562General Expenses 40,800Provision for Bad Debts 4,200Wages and Salaries 39,440Miscellaneous Receipts 9,040Interest on Mr. Narayan's Loan 1,400Capital4,00,000Drawings 18,000¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯11,52,840¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯11,52,840 Adjustments: (i) Bad Debts Rs. 2,000. (ii) Provision for doubtful debts is to be maintained at 5% on sundry debtors. (iii) Provision for 2% discount on debtors and creditors. (iv) Manager is entitled to get the commission at 10% on net profit after changing such commission. (v) Closing stock was valued at Rs. 60,000. (vi) Allow interest on capital 10%. (vii) Charge Rs. 1,000 as interest on drawings.