X Ltd. was in the business of manufacturing plastic bags. The company decided to manufacture low cost jute bags instead of plastic bags. Following are the Balance Sheets of X Ltd. as at 31st March, 2017 and 2016. * As per Revised Format, Balance Sheet of current year will be given first. You are require to : (a) Prepare a Comparative Balance Sheet, and (b) Identify any two values which the Company wants to communicate to the society. ParticularsNote No31.03.2017∗31.03.2016I. EQUITY AND LIABILITIES:Rs.Rs.1. Shareholder's Funds:(a) Share Capital10,00,0005,00,000(b) Reserves and Surplus 2,00,0003,00,0002. Non-Current Liabilities3. Long-term Borrowings8,00,0005,00,0004. Current Liabilities Trade Payables4,00,0002,00,000 TOTAL¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯24,00,000––––––––––––––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯15,00,000––––––––––––––––––––––II. ASSETS:1. Non Current Assetsa. Fixed Assets:(i) Tangible Assets14,00,0008,00,000(ii) Intangible Assets3,00,0002,00,0002. Current Assets(a) Inventories5,00,0004,00,000(b) Cash and Cash Equivalents2,00,0001,00,000 TOTAL¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯24,00,000––––––––––––––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯15,00,000––––––––––––––––––––––