From the following Trial Balance of Sh$.$ Swamy Narain. Prepare Trading and Profit & Loss Account for the year ended $31$st March $2018$ and a Balance Sheet as at that date :

$319+$ M$$en $2018$

Adjustments:

$($i$)$ Stock on $31$ March, $2018$ was valued at $60,000.$

$($ii$)$ A new machine was installed during the year costing $2,00,000$ but it was not recorded in the books. Wages paid for its installation $10,000$ have been debited to Wages Account.

$($iii$)$ An advance of $10,000$ given along with purchase order was wrongly recorded in purchases.

$($iv$)$ General expenses include $20,000$ paid for Wages.

$($v$)$ Wages include a sum of $50,000$ spent on the erection of a Scooter Stand for employees.

$($vi$)$ Advance for Furniture is for furniture at proprietor's residence.

$($vii$)$ Depreciate Furniture at $15\%,$ Plant & Machinery at $20\%$ and Building at $10\%.$

$($viii$)$ Carry forward $\frac{2}{3}$ of Advertisement Expenses as unexpired.

$($ix$)$ A B$/$R of $20,000$ was discounted with bank on $15$ Nov. $207.,$ but not yet matured.

$15$ Nov. $2017$