The following are the balances extracted from the books of Raghunath Ji as on 31st March, 2019. From these balances, prepare his Trading and Profit & Loss Account and Balance Sheet as at that date: Dr. (₹) Cr. (₹) Opening Stock 12,000 Purchases 40,000 Sales 86,000 Discount 400 Sales Return 6,000 Buildings 50,000 Debtors 16,000 Salaries 2,400 Office Expenses 1,200 Wages 10,000 Purchase Return 4,000 Interest 800 Travelling Expenses 400 Fire Insurance Premium 800 Machinery 20,000 Carriage on Purchases 700 Commission 400 Cash in hand 2,300 Rent and Taxes 1,800 Capital 62,000 Creditors 10,800 1,64,000 1,64,000 Adjustments:-1. Closing Stock was valued at ₹ 16,000.2. Wages ₹ 2,000 and salaries ₹ 1,200 are outstanding.3. Rent for two months at the rate of ₹ 500 per month is outstanding.4. Depreciate Buildings by 5% and machinery by 10%.5. Prepaid Insurance ₹ 200.