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From the following balances extracted from the books of Karodpati Bank Lid, Solapur prepare the Profit & Loss Account for the year ended 31st March, 2015 and the Balance Sheet as on that date. Particulars RS. Salaries and allowances (including remuneration to General Manager Rs. 9,00,000 and Director's Fees 4 Rs. 1,00,000) 25.00.000 Sundry expenses 1.50,000 Interest paid on deposits 21.25.000 Commission, exchange (credit) 17.00,000 Interest and discount received 48,00,000 Statutory Reserved fund 20,00,000Deposits : a) Fixed 87.50.000 b) Savings 60,00,000 c) Current 90,00,000 Loans, cash-credits and over drafts 2,30,00,000 Bills discounted and purchased 15,00,000 Investment fluctuation fund 5,00.000 Cash In hand 17,50,000 Cash with RBI 25.00,000 Cash with Vijay Bank Ltd. 2,50,000 4% Government securities 60,00,000 Silver 5,00,000 Gold 21,00,000 Bills for collection 10.00.000 Interest accrued on Investments 3.00,000 Acceptances, endorsements and other obligations 20.00,000 Profit and Loss account (credit balance on 1-4-2007) 30.00.000 Shares in Telco Co. Ltd. 10.00.000 Interim divided paid 3,00,000 Drafts payable 8,00,000 Share capital (authorised and issued) 2,00,000 shares or Rs. 100 each Rs. 50 paid 10.00.000Rent and taxes paid 2,00,000 Premises 25.00.000 Furniture and fixtures 7.50,000 Provident fund 8,00.000 Rebate on bills discounted 75,000 Unclaimed dividend 1.00.000 Adjustments : 1. Provide Rs. 4.00,000 for taxation and Rs. 2,50.000 for bad and doubtful debts