The following trial balance of a trader as on 31 December 2018 given bellow.

Particular                                 Rs. Particulars Rs.
To opening stock 43,000 By sales 2,76,000
To purchase                          1,87,500                                 By capital 80,000
To wages                                18,000 By 12 % bank loan 50,000
To carriage inward                 5,000 By creditors 35,000
To Office stationery             4,000 By Discount and commission 3,000
To Office expenses 3,000
To Telephone and water 2,000
To Drawing                             2,500
To Interest on loan 5,000
To Computer                           50,000
To Furniture                            40,000
To debtors                               30,000
To prepaid insurance   25,000
To bad debts 2,000
To Discount   4,000
To cash in hand 8,000
To cash at hand 15,000
                                                 4,44,000                                                                                          4,44,000

Additional information

- Closing stock found Rs.45,000

- Provide depreciation on computer and furniture by 10 percent.

- Prepaid insurance expired by 15,000

- Interest payable Rs.1,000

- Discount and commission receivable Rs.2,000

Required:

a Trading account

b. Profit and loss account

c. Balance sheet