7. From the following information extracted from the Trial Balance of Mint Systems Ltd prepare the Income Statement and Balance Sheet for the year ended 31st March 2022. Particulars Amt Amt Equity Share Capital 4,00,000 Debentures 2,00,000 Long Term Loans 1,00,000 Short Term Loans 5,00,000 Goodwill 2,00,000 Land & Buildings 10,00,000 Machinery 50,000 Debtors 2,00,000 Creditors 20,000 Bills Receivable 10,000 Bills Payable 15,000 Cash in hand 25,000 Cash in Bank 5,50,000 Bank Overdraft 6,50,000 Deposits from Fun Ltd 3,00,000 Loans to Fox Ltd 3,50,000 Sales from Domestic Market 15,00,000 Sales from International Markets 30,00,000 Manufacturing Expenses 1,00,000 Salaries 2,00,000 Rent 4,00,000 Administrative Expenses 3,00,000 Marketing & Selling Expenses 2,00,000 Investments 31,00,000 TOTAL 66,85,000 66,85,000 Adjustments: Sales Revenue of Rs 5,00,000 yet to be received Depreciate all machinery by 20% Bad Debts- Rs 10,000 Outstanding Rent - RS 50000