Using the following data, prepare financial statementstrading account, profit and loss account and balance sheet: Account Opening

Using the following data, prepare financial statements—trading account, profit and loss account and balance sheet:

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Account Opening stock Purchase Wages Power Salary Advertising Expenses Building Machinery Debtors Patents Commission Paid Rent Paid Interest Paid Insurance Premium Amount (3) 20,000 1,70,000 35,000 15,000 35,000 70,000 2,50,000 65,000 35,000 70,000 2,000 23,000 3,500 6,500 Account Owner's Capital Sales Bank loan Creditors Commission Earned Interest Earned Amount (3) 2,00,000 4,50,000 75,000 25,000 45,000 5,000