The following balances were taken from the books of Shri R. Lal as at 31st March, 2017. Particulars (₹) Particulars (₹) Capital 1,00,000 Rent (Cr.) 2,100 Drawing 17,600 Railway Freight on sales 16,940 Purchases 80,000 Carriage Inwards 2,310 Sales 1,40,370 Office Expenses 1,340 Purchase Returns 2,820 Printing & Stationery 660 Stock on 1.4.2016 11,460 Postage 820 Bad Debts 1,400 Sundry Debtors 62,070 Bad Debts Provision on 1.4.2016 3,240 Sundry Creditors 18,920 Rates & Insurance 1,300 Cash at Bank 12,400 Discount (Cr.) 190 Cash in Hand 2,210 Bills Receivable 1,240 Office Furniture 3,500 Sales Returns 4,240 Salaries & Commission 9,870 Wages 6,280 Addition to Building 7,000 Building 25,000 Prepare Trading and Profit & Loss A/c and a Balance Sheet as at 31st March, 2017, after keeping in view the following adjustments:(i) Depreciate old Building at 2 1/2% and addition to Building at 2% and Office Furniture at 5%.(ii) Write off further Bad-debts ₹ 570.(iii) Increase the Bad-debts Provision to 6% of Debtors.(iv) On 31st March, 2017 ₹ 570 are outstanding for salary.(v) Rent receivable ₹ 200 on 31st March, 2017.(vi) Interest on capital at 5% to be charged.(vii) Unexpired Insurance ₹ 240.(viii) Stock was valued at ₹ 14,290 on 31st March, 2017.