The following is the summarised Balance Sheet of Cardamom Ltd as on 31st December, 2016.

The preference shares were redeemed on 1st January, 2017 at a premium of 10%. A bonus issue of 1 equity share for every 4 held was made on the same date. No trace could be found of the holders of 60 preference shares. You are required to give the Journal Entries in the books of the Company and draw up the resultant Balance Sheet in a summarised form.

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I. EQUITY AND LIABILITIES (1) Shareholders' Funds : (a) Share Capital (b) Reserves and Surplus (c) Money Received against Share Warrants (4) Current Liabilities: Balance Sheet of Cardamom Ltd. as at 31st December, 2016 (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (a) Short-term Borrowings (b) Trade Payables TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets (2) Current Assets: (i) Tangible Assets TOTAL (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents Particulars (1) Note No. (2) (1) (2) Amount (3) 2,24,000 68,000 28,000 3,20,000 2,00,000 50,000 20,000 50,000 3,20,000