the following is the summary of the entries in a contract ledger as on 31st december 568851

The following is the summary of the entries in a contract ledger as on 31st December 1994 in respect of contract no. 51:

Further information is as follows:

1. The amount that accrued as on 31st December 1994 were wages: Rs 900 and direct expenses: Rs 1,200.
2. The cost of the work uncertified included: materials: Rs 2,600, wages: Rs 1,000 and expenses: Rs 1,500.
3. Rs 2,000 worth of plant was sold for Rs 3,000 and Rs 3,000 worth of materials were destroyed by the fire.
4. Rs 5,000 worth of plant was sold for Rs 3,000 and materials costing Rs 5,000 were sold for Rs 6,000.
5. Depreciation till 31st December 1994 on plant was Rs 10,000.
6. Materials at site were valued at Rs 5,000.
7. Cash received from the contractee was Rs 60,000 being 80% of the work certified.
8. Contract price was Rs 1,00,000.

Show the contract account and work in progress account. Show the same in the balance sheet.