Suresh started business on 1st April, 2015 with a capital of Rs. 30,000. The following trial balance was drawn up form his books at the end of the year. Name of AccountsAmt. (Rs.)Name of AccountsAmt. (Rs.)Drawings 4,500Capital 40,000Plant and Fixtures 8,000Sales1,60,000Purchases1,16,000Creditors 12,000Carriage Inwards 2,000Bills Payable 9,000Wages 8,000Return Inwards 4,000Salaries 10,000Printing 800Advertisement 1,200Trade Charges 600Rent 1,400Debtors 25,000Bills Reveivable 5,000Investments 15,000Discount 500Cash at Bank 16,000Cash in Hand 3,000¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯2,21,000––––––––––––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯2,21,000–––––––––––––––––––– The value of stock as at 31st March, 2016 was Rs. 26,000. You are required to prepare his trading and profit and loss account for the year ended 31st March, 2016 and a balance sheet as on the date after taking the following facts into account. (i) Interest on capital is to be provided at 6% per annum. (ii) An additional capital of Rs. 10,000 was introduced by Suresh on 1st October,2016. (iii) Plant and fixtures are to be depreciated by 10% per annum. (iv) Salaries outstanding on 31st March, 2016 amounted to Rs. 500. (v) Accrued interest on investment amounted to Rs. 750. (vi) Rs. 500 are bad debts and provision for doubtful debts is to be created at 5% on the balance of debtors.