3.From the following Trial Balance and additional information of Mr. Ashish Agarwal, you are required to prepare Trading A/c, Profit and Loss A/c for the year ended 31st March, 2015 and Balance Sheet as on that date- Trial Balance as on 31st March, 2015 Particulars Particulars Sundry debtors 90,400 Capital 2,00,000 Drawings 20,000 Sales 2,44,000 General expenses 6,000 R.D.D. 1,600 Stationary 5,200 Sundry Creditors 80,000 Wages 6,000 Bank overdraft 8,000 Fuel, coal and water 10,000 Outstanding Wages 4,000 Purchases 1,40,000 Commission 3,600 Salaries 16,000 Sales return 8,000 Trade expenses Bad debts 1,200 Insurance 1,600 Prepaid salaries 4,800 Office rent 2,400 Stock(1 April 2011) 40,000 Building 1,60,000 Bills receivable 4,800 Furniture 24,000 5,41,200 5,41,200 Adjustment: (i)Stock as on 31st March 2015 was valued 374,800, (ii) Depreciate building by 5% p.a. and Furniture by 10% (iii) Write off bad debts 32,400 and create R.D.D. 5% on debtors. (iv) Commission of 31,200 earned but not received. (v)On 31st March 2015 the stock of stationery in hand was 31,200 (vi)Goods worth $2,000 distributed as free samples