Sanjiv Sondhi started business on 1st April, 2017 with a capital of ₹ 3,00,000. Following Trial Balance was drawn up from his books at t he end of the year: Heads of Accounts ₹ Heads of Accounts ₹ Drawings 45,000 Capital 4,00,000 Plant and Fixtures 80,000 Sales 16,00,000 Purchases 11,60,000 Sundry Creditors 1,20,000 Carriage Inwards 20,000 Bills Payable 90,000 Returns Inward 40,000 Wages 80,000 Salaries 1,00,000 Printing and Stationery 8,000 Advertisement 12,000 Trade Charges 6,000 Rent and Taxes 14,000 Sundry Debtors 2,50,000 Bills Receivable 50,000 Investments 1,50,000 Discount 5,000 Cash at Bank 1,60,000 Cash in Hand 30,000 22,10,000 22,10,000 Value of Stock as on 31st March, 2018 was ₹ 2,60,000. You are required to prepare his Trading and Profit and Loss Account for the year ended 31st March 2018 and Balance Sheet as at that date after taking the following facts into account:(a) Plant and Fixtures are to be depreciated by 10%.(b) Salaries outstanding on 31st March, 2018 amounted to ₹ 35,000.(c) Accrued Interest on investment amounted to ₹ 7,500.(d) ₹ 5,000 are Bad Debts and a Provision for Doubtful Debts is to be created at 5% of the balance of debtors.