Income statement and balance sheet is required ?.

1. The following trial balance was extracted from the books of Salman on 31-05-2005 (50 marks) Account balances as at 31.05.2005 Dr. (Rs.) Cr. (Rs.) Opening stock 116,000 Capital 200,000 Building 200,000 Sales 842,000 Purchases 572,000 Sundry Creditors 240,000 Sundry Debtors 278,000 Purchases Returns 42,000 Sales Returns 72,000 Mortgage Loan 100,000 Carriage Inward 12,000 Carriage Outward 16,000 Salaries 32,000 Furniture 16,000 Cash in hand 110,000 Total 1,424,000 1,424,000 1. Rent paid in advance through cash Rs. 20,000 2. Provision for bad debt @ 10% 3. Depreciation of Furniture @ 5% 4. Tax @ 10% paid in cash 5. Discount received against purchases by vendor Rs. 10,000 and it is still receivable 6. 5% interest payable on Mortgage loan 7. Closing stock 162,000