Two, 130 11) Illustration From the following Trial Balance of M/s Sriram Traders, prepare a Trading and Profit & Loss Account for the year ended 31st March, 2021 and a Balance Sheet as on that date: Trial Balance as at 31st March, 2021 Debit Balances Bad Debts Stock-in-trade (on 01.04.2020) Furniture Drawings Purchases Debtors Interest on loan Insurance Premium Wages Rent Salaries Investment in 10% Bond Cash at bank Machinery Advertisement Amount () 7,000 Sales 10,000 Capital 30,000 Discount 7,000 Creditors 60,000 Bills Payable 20,000 Outstanding Salary 1,000 12% Bank Loan Credit Balances 1,600 Interest on Investments 3,600 3,000 4,800 50,000 20,000 50,000 3,000 2,71,000 Additional Information : (i) Closing Stock: Cost price 16,000, market price 15,000. (ii) Depreciate Machinery @ 10% pa and Furniture @ 15% pa. (iii) Credit Sales for 5,000 not recorded in the books. (iv) Goods taken by proprietor for 2,000 not recorded in the books. (v) Interest on loan and on investment to be provided