Mr. Maanav maintains his Books under Single Entry System. He provides you the following Information. Particulars 1/1/2020 31/12/2020 Cash 22,000 40,000 Stock of Materials 60,000 20,000 Furniture and Fittings 1,00,000 1,20,000 Debtors 1,20,000 1,40,000 Creditors 40,000 30,000 Machinery 25,000 25,000 Other Information : Receipts from Debtors 4,20,000 Paid to Creditors 2,50,000 Carriage on purchases 8,000 Salary 30,000 Drawings 40,000 Rent 10,000 Sundry Expenses 32,000 Advertisement 12,000 Furniture purchased (1.7.2020) 20,000 Provide depreciation on furniture at 5% p.a. and on machinery at 10% p.a. Provide for doubtful debts at 10% on Debtors. From the above information, prepare Trading and profit and loss account and Balance Sheet as on 31st Dec. 2020.