9.Following is the trial balance of Mr.Premlal as on date 31st March, 2017. Debit Balances To Stock To Purchases To Drawings: To Sales Return To Wages-Productive Trial Balance for the year ended 31st March, 2017 Amt Credit Balances 90,000 By Sales 2,25,000 By Purchase return 63,000 By Discount received 7,200 By Sundry Creditors 10,500 By Capital 1,800 By Bank Overdraft To Wages-Unproductive To Salary 18,600 To Rent, rates and taxes 10,200 To Bad debts 1,200 To Discount paid 3,900 To Machinery 45,000 To Building 1,08,600 To Sundry Debtors 1,53,000 To Cash 3,000 7,41,000 Adjustments: 1) On 31st March, 2017 market price of stock 50,000 2) Outstanding productive wages * 600. Amtz 3,75,000 3,000 3,000 90,000 2,40,000 30,000 7,41,000 3) Rent, rates and taxes includes 1,600 insurance premium paid upto 30th June 2017. 4) Provide reserve for doubtful debts @5% on debtors. 5) Depreciate Building by 5% and Machinery by 10%. 6) Goods distributed as free samples of *2,500 7) Provide for interest on Bank overdraft @ 10% for six months. Prepare Trading and Profit and Loss account for the year ended 31st March, 2017 and Balance Sheet on that date. (GP=97,200, NP=43,320, B/s =3,42,420)