The following balances were extracted from the books of M/s Panchsheel Garments on March 31, 2017. Account Title Debit Amount (₹) Account Title Credit Amount (₹) Opening stock 16,000 Sales 1,12,000 Purchases 67,600 Return outwards 3,200 Return Inwards 4,600 Discount 1,400 Carriage inwards 1,400 Bank overdraft 10,000 General expenses 2,400 Commission 1,800 Insurance 4,000 Creditors 16,000 Scooter expenses 200 Capital 50,000 Salary 8,800 Cash in hand 4,000 Scooter 8,000 Furniture 5,200 Buildings 65,000 Debtors 6,000 Wages 1,200 1,94,400 1,94,400 Prepare the trading and profit and loss account for the year ended March 31, 2017 and a balance sheet as on that date.(a) Unexpired insurance ₹ 1,000.(b) Salary due but not paid ₹ 1,800.(c) Wages outstanding ₹ 200.(d) Interest on capital 5%.(e) Scooter is depreciated 5%.(f) Furniture is depreciated ₹ 10%.(g) Closing stock was ₹ 15,000.