Mr. R commenced his business on 01.04.2008 by introducing capital of ₹50,000. During the year following transactions took place: 1. Bought furniture for cash 16,000 2. Purchased goods for 20,000 3. Sold goods costing 8500 to Z for cash 16,000 4. Purchased goods from M 11,000 5. Introduced additional capital 13,000 6. Commission received in advance 1,500 7. Paid to creditors ₹9,500 in full settlement 1,500 8. Bought fax machine for his home 8,000 9. Rent paid during the year 8,000 10. Payment for stationery expenses 200 11. Sold goods costing ₹10,000 for ₹12,000. Out of which *1,000 received in cash 12.Bought shares of MNO Ltd. 1,000 Show the above transactions in accounting equation and prepare balance sheet