The following Trial Balance has been extracted from the books of Shri Santosh Kumar as at 31st March, 2017:- Dr. (₹) Cr. (₹) Plant and Machinery 1,00,000 Furniture 12,000 Capital Account 1,91,000 Household Expenses 16,000 Sales 4,68,000 Loose Tools 20,000 Goodwill 10,000 Opening Stock (1-4-2016) 20,000 Returns Outward 4,000 Discount 6,000 Purchases 2,12,000 Returns Inwards 8,000 Wages 1,00,000 Salaries 60,000 Outstanding Salaries 5,000 Investments at 10% p.a. 6,000 Interest on Investments 300 Sundry Creditors 24,000 Miscellaneous Receipts 2,000 Carriage Inwards 12,000 General Expenses and Insurance 39,000 Advertisement Expenses 15,000 Postage 4,000 Sundry Debtors 56,000 B. Barua 2,000 Cash Balance 14,000 Bank 3,200 Suspense Account 2,500 7,06,000 7,06,000 The following additional information is available:-(I) Stock on 31st March, 2017 was ₹ 30,800.(II) Depreciation is to be charged on Plant and Machinery at 5% and Furniture at 6%. Loose Tools are revalued at ₹ 16,000.(III) Create a provision of 2% for Discount on Debtors.(IV) Salary of ₹ 2,000 paid to Shri B. Barua, a temporary employee, stands debited to his personal account and it is to be corrected.(V) Write off 1/5th of advertisement expenses.You are to prepare Trading and Profit & Loss Account for the year ended 31st March, 2017 and a Balance Sheet as at that date.