From the following data, prepare a profit and loss a$/$c and a balance sheet as on $31-3-2023.$

Particulars Shs$.$ Particulars Shs$.$

Drawings $10,000$ Capital $30,000$

Purchases $30,000$ Purchase returns $1,000$

Sales Returns $5,000$ Sales $60,000$

Carriage in $2,000$ Wages outstanding $2,000$

Carriage out $3,000$ Rent received $1,000$

Depreciation on Plant $4,000$ Reserve for doubtful $1,000$

debts

Plant account $20,000$ Interest $($Cr$)5,000$

Salaries & wages $3,000$ Sundry creditors $6,000$

Bad debts $2,000$ Loans $38,000$

Premises $20,000$

Interest $5,000$

Stock $1\mathrm{.}4\mathrm{.}9525,000$

Sundry debtors $15,000$

$1,44,0001,44,000$

Adjustment:

a$)$ Stock on $31-3-23$ was Shs$\mathrm{.}40,000.$ A fire broke$-$out in the godown and destroyed stock worth Shs$\mathrm{.}5,000.$ Insurance company had accepted the claim in full.

b$)$ Provide for bad debts @ $10\%$ and provide for discount on debtors @ $5\%$ and on creditors @ $10\%$

c$)$ Depreciate buildings at the rate of $15\%$ p$.$a$.$

d$)$ Rent outstanding amounted to Shs$\mathrm{.}1,000$

e$)$ Closing stock includes samples worth of Shs$\mathrm{.}2,000.$

f$)$ Provide interest on drawings @ $10\%$ and on capital @ $10\%.$