$6.$ The following items have been extracted from the Trial balance of MT Ltd$.$ as on

$31$st March $2022.$

Particulars Rs$.$ Rs$.$

Sales$17,00,00$

$0$

Commission Received $15,000$

Purchases $4,25,00$

$0$

Sales return $7,500$

Purchase return $8000$

Manufacturing Wages $25,600$

Insurance premium $11,000$

Office rent $12,000$

Travelling Expenses $14,500$

Furniture$70,000$

Machinery $2,50,00$

$0$

Depreciation$32,000$

$10\%$ Debentures$7,00,000$

Interest on Debentures $70,000$

$8\%$ Preference share capital $($Shares Of Rs$.10$

each$)$

$5,00,000$

Equity share capital $($Shares of Rs$.100$ each$)6,00,000$

Income tax rate applicable for the company is $25\%.$ You are required to prepare Multi

step Profit and Loss Account using the above mentioned data.$$

Also Calculate Basic Earning per share.