(b) (Rs) The following Trial Balance was extracted from ABC company accounts as at 31 December 2017. Debit Credit (Rs) Capital 30,000 Drawings 5,000 Purchases 40,000 Carriage outwards 500 Purchases returns 1,000 Sundry expenses 800 Bad debts 300 Sales 60,000 Postage 200 Wages 1,000 Bills payable 3,000 Discount paid 500 Land and buildings 18,000 Plant and machinery 7,500 Creditors 8,500 Debtors 10,500 Salary 1,500 Investments 3,000 Opening stock 13,200 Cash 500 102,500 102,500 The following adjustments are to be considered. Closing stock on 31st December 2017 is Rs 10,300 Create reserve for debtors at 5% Depreciation on Plant and Machinery at 6% Salary outstanding is Rs.400 Interest on investment accrued is Rs.90 Wages paid in advance is Rs.50 Prepare the following. (i) Profit and Loss account for the year ended 31st December 2017. The Balance sheet as at that date