Calculate net profit for managerial remuneration from the following information: Particulars Salaries and wages Repairs Miscellaneous expenses

Calculate net profit for managerial remuneration from the following information:

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Particulars Salaries and wages Repairs Miscellaneous expenses Workmen compensation (including 1,000 legal compensation) Compensation for breach of contract Donation to charitable fund Interest Depreciation (7,500 as per Schedule XIV) Loss on sale of investment Provision for tax Proposed dividend Scientific research (new installation) Director's remuneration Net profit after appropriations Amount (3) 12,500 6,000 12,500 2,250 1,250 3,500 6,500 10,000 2,500 1,00,000 75,500 47,500 20,000 2,60,000 5,60,000 Particulars Gross profit Subsidies from government Profit on sale of fixed assets (cost 60,000 and WDV 30,000) Profit on sale of forfeited shares Amount (3) 5,12,500 10,000 35,000 2,500 5,60,000