Prepare Trading and Profit and Loss Account and Balance Sheet as at 31st March, 2017 from the following Balances of Mr. Sardari Lal : Particulars (₹) Particulars (₹) Capital Account 41,000 Drawings 5,000 Creditors – Trade 30,000 Purchases 1,71,000 Creditors – Expenses 6,800 Carriage inwards 1,500 Rent Received 600 Wages 23,000 Purchases Returns 4,000 Power 9,000 Sales 2,89,600 Rent and Insurance 19,900 Bad-Debts Provision on 1st April, 2016 600 Salaries 34,400 Advertising Development 8,000 Discount Received 1,800 Goodwill 5,000 General Charges 8,600 Plant and Machinery 20,000 Sales Returns 600 Traveller's Samples 2,700 Traveller's Commission 2,890 Stock on 1-4-2016 32,000 Traveller's Salaries 9,100 Debtors 14,600 Discount Allowed 5,000 Cash at Bank 2,000 Cash in hand 110 Adjustments:- The Closing stock was ₹ 23,000 but there has been a loss by fire on 20th March, 2017, to the extent of ₹ 20,000, not covered by insurance. Depreciate Plant and Machinery by 10% and Traveller's Samples by 3313%. Increase the Bad-debts Provision to ₹ 2,000. Write 20% off Advertising Development Account. Annual premium on insurance expiring 1st June, 2017 was ₹ 1,200. Provide for Manager's commission 5% on Net Profits after charging such Commission.