Clearly cite any sources you use in your response. Copying from AI systems without proper attribution is considered plagiarism and will result in downvotes $($b$)$ Jolly Industries of Delhi is a trader in spices. It has a branch at Jalandhar to which Head office invoice goods at $20\%$ on sales. The Jalandhar branch sells spices both on cash and credit. Branch remit all the cash received to Head Office Bank account, thus all expenses of branch are also directly paid from head office.From the following information given, Prepare Branch Accounts in theHead office ledger using Stock and Debtors Method.Branchdoesnotmaintainanybooksofaccount,butsendfortnightlyreturnstoHeadoffice. $`$StockatJalandharBranchason$1$stApril,$2022($CostPrice$)1,00,000$SundryDebtorsatJalandharason$1$stApril,$20221,10,000$CashreceivedfromDebtors $3,45,000$Baddebtsduringtheyear $9,500$DiscountallowedtoDebtors $5,500$GoodsreceivedfromHeadOfficeatInvoicePrice $6,00,000$ReturnstoHeadofficeatInvoicePrice $60,000$Normallossofgoodsduringtransport$($OutofGoodssentbyH$.$O$.$toBranch$)12,000$SalesreturnsatJalandharBranch $11,000$SalariesandstaffwelfareexpensesatBranch $54,000$RentandtaxesatBranch $9,000$OtherOfficeExpenses $2,500$ SundryDebtorsatBranchasat$31$stMarch$20231,55,000$StockatJalandharason$31$stMarch,$2023($CostPrice$)1,20,000$CreditsalesatBrancharefourtimesofthecashSalesatBranch.