Pawan Ltd was incorporated on 1st March, 2017 and received its certificate of commencement of business on 1st April, 2017. The company bought the business of Pramod Ltd with effect from 1st November, 2016. From the following figures relating to the year ending October, 2017, find out the profit available for dividends :
(i) Sales for the year were ₹ 3,00,000 out of which sales upto 1st March were ₹ 1,25,000.
(ii) Gross profit for the year was ₹ 90,000.
(iii) Expenses debited to the Profit and Loss Account were:

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Rent . Salaries Directors' fees Interest on debentures Audit fees Discount on sales Depreciation. General expenses Advertising Stationery and printing Commission on sales Bad debts.. Interest to vendor on purchase consideration upto 1.5.2017 ** 250 relate to debts created prior to incorporation. 4 ₹ 4,500 7,500 2,400 2,500 750 1,800 12,000 2,400 9,000 1,800 3,000 *750 1,500