Below is given the Trial Balance of Mr.Samar Pratap as at 31" December,2015. You are required to prepare Trading and Profit & Loss Account and Balance sheet as as at that date. Dr.Balances Rs Cr.Balances Rs Opening Stock 42,000 Sales 4,10,000 Purchases 2,00,000 Sundry Creditors 20,000 Plant 60,000 Purchase Return 8,000 Salary 33,000 Commission 7,500 Wages 44,000 Bank 24,000 Discount 2,000 Capital 1,50,000 Rent 27,500 Interest on Investments 700 Furniture(Including Special Rebate 800 Furniture of Rs 5,000 Purchased on 1 July, 20,000 2015) Carriage In 5,800 Carriage Out 3,200 Sundry Debtors 1.00,000 Office Expenses 6,600 Cash in hand 5,400 Investments at 14% p.a 10,000 Insurance (Paid to 30th 1,500 April 2016) Stock on 31 60,000 December 2015 6,21,000 6,21,000 Adjustments:- 1. Create a provision for doubtful debts @ 5% on Debtors and 2% for discount on Debtors. 2. Provide upto date interest on Investments. 3.Expenses for rent, wages,salaries and office expenses are uniform throughout the year and those for December, 2015 have not been paid. 4.Depreciate Plant by 10% p.a and Furniture by 20% p.a. 5. Unearned Commission Rs 1500