From the following books of information prepare the Income statement and Balance sheet Item Amount (Rs) Carriage Outwards 4000 Carriage Inwards 2000 Cash 22500 Accounts Receivables 8000 Accounts Payables 2000 Salary 4000 Short term Borrowing 75000 Long term Borrowing 100000 Office Rent 8000 Long term Investments 60000 Insurance 7000 Capital 210000 Retained Earnings 12000 Factory Rent 2000 Sales 50000 Acc.Depreciation 15000 Building 100000 Equipment 120000 Vehicles 80000 Short term Investment 20000 Adjustment: 1. Closing Inventory Rs.8,000 2. Rent paid in advance Rs. 2,000 3. Outstanding Salary Rs. 1,000 4. Prepaid Insurance Rs. 3,000