​The Trial Balance of M/s. Taj & Co. as on 31st March, 2018 was as follows:​ Ledger Accounts Dr. (₹) Cr. (₹) Purchases 1,62,505 Sales 2,52,400 Provision for Doubtful Debts 5,200 Sundry Debtors 50,200 Sundry Creditors 30,526 Bills Payable 3,950 Opening Stock 26,725 Wages 23,137 Salaries 5,575 Furniture 7,250 Postage 4,226 Power and Fuel 1,350 Trade Expenses 5,831 Bad Debts 525 Loan to Suraj 10% p.a. (1st December, 2017) 3,000 Cash in Hand and at Bank 10,000 Trade Expenses Accrued but not Paid 700 Drawings 4,452 Capital 12,000 Outstanding Wages 2,000 Input CGST 5,000 Input SGST 5,000 Output CGST 4,000 Output SGST 4,000 Total 3,14,776 3,14,776 ​ Prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet after considering the following information:(i) Depreciation on Furniture 10% to be charged.(ii) Sundry Debtors include ₹500 due from a customer who has become insolvent.(iii) Provision for Doubtful Debts 5% on Sundry Debtors is to be maintained.(iv) Goods costing ₹1,500, purchased paying CGST and SGST 9% each, were destroyed by fire and insurance company admitted a claim for ₹1,000.(v) Stock on 31st March, 2018 was ₹12,550.