The following information is available: Trial Balance as at December 31, 2012. Particulars Debit Rs. Credit Rs. Capital 6400000 Drawings 1813800 Goodwill 3618200 Land & Buildings 2400000 Plant & Machinery 1600000 Loose Tools 120000 Bills Receivable 145800 Bills Payable 1352000 Creditors 3068840 Purchase Returns 106000 Sales 8720000 Stock, 1st Jan 2011 1677800 Purchases 2050800 Wages 858000 Carriage Outward 22160 Carriage inward 55000 Coal & gases 234160 Salaries 1414560 Rent, Rates & Taxes 113000 Discount 60520 Cash at Bank 1016840 Cash in Hand 18600 Sundry Debtors 1800000 Repairs & maintenance 74600 Printing & Stationery 20600 Bad Debts 48520 Advertisements 140840 Sales Returns 85000 Furniture 48000 General Expenses 210040 19646840 19646840 The following adjustments are to be made: 1. Closing Stock as on December 31, 2011 was Rs 1400000. 2. Depreciation is to be provided on the following assets: Plant & Machinery 10 % Loose Tools 10 % Furniture 10 % Land & Buildings 2.5 % 3. Provide for the following payables: Wages Rs. 60000 Advertisements Rs. 20000 Salaries Rs.120000 Repairs & Maintenance Rs. 15000 4. Provide 5 % on the debtors against bad debts and 2 % against discounts. Required:- Prepare Trading, Profit & Loss Account and Balance Sheet as at December 31, 2011 from the above Data.