On 31st March, 2021 the Trial Balance of Mr. Black was as follows: Particulars Debit Credit Stock on 1/4/2020: Raw Materials 2,10,000 Work-in-Progress 95,000 Finished Goods 1,55,000 Sundry Debtors 2,40,000 Carriages on Purchases 15,000 Bills Receivables 1,50,000 Wages 1,30,000 Salaries 1,00,000 Telephone and Postage 10,000 Repairs to office furniture 3,500 Cash at Bank 1,70,000 Office Furniture 1,00,000 Repairs to Plant 11,000 Purchases 8,50,000 Plant and Machinery 7,00,000 Rent 60,000 Lighting 13,500 General Expenses 15,000 Sundry Creditors 1,50,000 Bills Payables 75,000 Sale of scrap 25,000 Commission received 4,500 Provision for doubtful debts 16,500 Capital account 10,00,000 Sales 16,72,000 Bank overdraft 85,000 30,28,000 30,28,000 The following additional Information is available: Stocks on 31st March, 2021 were: Raw materials 1,62,000 Finished goods 1,81,000 Work-in-progress 78,000 Salaries and wages unpaid for the year ended 31st March, 2021 were respectively, 9,000 and 20,000. Machinery is to be depreciated by 10% and office furniture by 72%. A provision for doubtful debts is to be maintained @ 1% of sales. Rent is to be charged as to 3/4 to factory and 1/4 to office. Lighting is to be charged as to 2/3 to factory and 1/3 to office. Prepare the Manufacturing Account, Trading Account and Profit and Loss Account for the year ended on 31st March, 2021. [Dec. 2021, 15 Marks]; [RTP Jan. 2025; Modified]