The following balances has been extracted from the trial of M/s Runway Shine Ltd. Prepare a trading and profit and loss account and a balance sheet as on March 31, 2017. Account Title Amount Rs Account Title Amount Rs Purchases 1,50,000 Sales 2,50,000 Opening stock 50,000 Return outwards 4,500 Return inwards 2,000 Interest received 3,500 Carriage inwards 4,500 Discount received 400 Cash in hand 77,800 Creditors 1,25,000 Cash at bank 60,800 Bill payable 6,040 Wages 2,400 Capital 1,00,000 Printing and Stationery 4,500 Discount 400 Bad debts 1,500 Insurance 2,500 Investment 32,000 Debtors 53,000 Bills receivable 20,000 Postage and Telegraph 400 Commission 200 Interest 1,000 Repair 440 Lighting Charges 500 Telephone charges 100 Carriage outward 400 Motor car 25,000 4,89,440 4,89,440 Adjustments1. Further bad debts Rs 1,000. Discount on debtors Rs 500 and make a provision on debtors 5%.2. Interest received on investment 5%.3. Wages and interest outstanding Rs 100 and Rs 200 respectively.4. Depreciation charged on motor car 5% p.a.5. Closing Stock Rs 32,500.