From the following particulars, prepare profit & loss account of new bank Ltd for the year ended 31.12.1996. Rs. Rs. Interest on loans 1,30,000 Printing and 1,500 advertisement Interest on fixed 1,14,000 Interest on cash credit 1,12,500 deposits Commission charge to 4,500 Rent and taxes 10,000 Customers Interest on overdraft Rebate on bills 2,800 Directors & auditors 2000 fees 25,000 Int. on savings bank A/c 35,000 discounted Establishment expenses Discount on bills discounted Interest on current account 27,500 28,000 Postage and telegram 1,000 1,00,000 Sundry charges 1,000