Prepare P&L account and Balance sheet The following is the trial balance of the Honeywell Ltd. as on 31st December 2021. Debtors and Creditors 250000 200000 Purchases and Sales 647000 983500 Returns 4700 3500 Fixed Assets at cost 1597900 - Promotion expenses 13520- Share capital (Rs.100 per share) - 1250000 Sinking fund 250000 Reserve fund -47600 Bad debt Reserve - 10000 Cash 17750- Manufacturing expenses 21000 - Wages 75000 - Unclaimed dividends - 1700 Interest on investments - 11400 Depreciation 70000 - Administrative expenses 34680 - 4% Debentures 300000 Interest on debentures 6000 - Sales expenses 8000 - Bad debts 3400 - Depreciation fund - 202400 Bill's payable - 9300 Profit and Loss Account - 10600 Investments 350000 - Sundry expenses 1050 - Stock on 1st January 2021 130000 - Goodwill at cost 50000 - TOTAL 3280000 3280000 Adjustments: a. Closing stock amounted to Rs.137000 b. Maintain the reserve for debtors @ 5% c. Write off preliminary expenses. d. Add Rs.10000 to sinking fund e. Provide for debenture interest.