The following balances have been extracted from the trial of M/s Runway Shine Ltd. Prepare the trading and profit and loss accounts and a balance sheet as on March 31, 2017. Adjustments 1. Further, bad debts $1,000, discount on debtors $500 and make a provision on debtors @ 5%. 2. Interest received on investment @ 5%. 3. Wages and interest outstanding $100 and $200, respectively. 4. Depreciation charged on motor car @ 5% p.a. 5. Closing Stock $32,500