QUESTION IS TO FIND CURRENT YEAR BAL SHEET

Joy & Co. You are given the balance sheet of Joy & Co. on April 1, 2015 and its receipts and payments for the year 2014-15: Balance Sheet As on April 1, 2015 Receipts and Payments For the Year 2014-15 Receipts: Additional Information: From Sales and Debtors 11,32,000 Balance on Mach 31, 20XX: Commission 12,000 Sundry Debtors: 2, 80,000 TOTAL 11,44,000 Sundry Creditors: 1, 22,000 Inventory Payments: 6,30,000 Operating Expenses paid in advance For Purchase and creditors 7,22,000 21,000 Operating Expenses 1,12,000 Building was purchased on April 1, Loan Refunded 1,25,000 2010. Its expected life is 20 years. Interest on Loan paid 32,000 Computer Purchased for Office on July 1, 50,000 2007) Prepare Balance sheet of Joy & Co. as on March 31, 20XX. (Expected life 5 year) Insurance (on July 2007, for one year) 12,000 Owner's Household Expenses 20,000 TOTAL 10,73,000 Liabilities Amount Assets Amount Owner's Equity 8,00,000 Land 5,00,000 Retained Earnings 5,20,000 13,20,000 Building 8,00,000 Loan 5,25,000 Accum. Dep. 1,20,000 6,80,000 Sundry Creditors 1,25,000 Debtors 2,20,000 Outstanding Operating Expenses 32,000 Insurance Prepaid 3,000 Inventory 5,32,000 Cash and Bank 67,000 20,02,000 20,02,000