Balance at bank Sundry debtors Sri Shankar keeps his books on single entry and following info is disclosed from his records 31 12 2002(Rs) 31 12 2003(Rs) (Cr)2500 5500 14000 21000 29000 27500 15000 20000 6000 6000 200 500 25000 1000 29000 600 Furniture Stock in trade Investments Cash in hand Sundry creditors Bills payable Loan from tea pankaj 4000 Sri V Shankar transferred Rs 300 per month from the business to his private bank account by way of drawings. In addition, he withdraws Rs 6000 for his daughter's marriage and Rs 500 for charitable purpose. He also withdraws goods worth Rs 2500 for domestic purpose. In august 2003 he had received a lottery price of Rs 6000 of which he invested Rs 3000 in to the business. He sold some private property for Rs 8000 and processed were utilized for the business. He wants his furniture to be depreciated at 10% per annum and a reserve for doubtful debts be created at 6%.he had not paid 2 months' salary to his accountant at the rate of 400 per month and 2 months' rent of the shop was unpaid amounting to Rs 500.interest earned but not received by him was Rs 2100. Prepare a statement of profit and loss for the year ending 31-12-2003