On 1st January, 2016, Shiwalik Breweries Ltd. had ₹8,00,000, 5% debentures outstanding in its books redeemable on 31st December, 2016. On 1st January, 2016, the balance of Sinking Fund was ₹7,49,000 represented by :
(i) ₹1,00,000 own debentures purchased at an average price of ₹99; and
(ii) ₹6,60,000 nominal value of 3% War Loan. The amount annually credited to the Sinking Fund was ₹28,400. The interest on debentures was paid by the company every year on 31st December annually. On 31st December, 2016, the outside investments were realised at 98% and all the outstanding debentures were redeemed on that date. You are required to write-up necessary Ledger Accounts for the year 2016 in the books of the company.