Prepare the Profit/Loss account and Balance Sheet from the given information: Trial Balance for the period of 31 March 20XX Amount Cr. Amount Dr. 56,000 24,000 86,000 4,000 2,60,000 86,000 Ledger accounts Loose tools Cash Debtors Rent Machinery Furniture Creditors Capital Loan from a friend, Sam Sales Purchase Commission Salary Sales returns Grand Total 48,000 3,40,000 80.000 1,80,000 1,00,000 20,000 10,000 10,000 6,52,000 6,52,000