On April 1, 2017 Singh had 20,000 equity shares in X Ltd. The face value of the shares were ₹10 each but their book value was ₹16 per share.

On June 1, 2017, Singh purchased 5,000 more equity shares in the company at a premium of ₹4 per share.

On June 30, 2017, the directors of X Ltd. issued a bonus and rights issue. Bonus was declared at the rate of one equity shares for every five shares held, and these shares were 

received on August 2, 2017.

The terms of the rights issue were :

(1) Rights shares to be issued to the existing holders on August 10, 2017.

(2) Rights issue would entitle the holders to subscribe to additional equity shares in the company at the rate of one share per every three shares held at ₹15 per share ---- the whole sum being payable on September 30, 2017.

(3) Existing shareholders may, to the extent of their entitlement, either wholly or in part, transfer their rights to outsiders.

(4) Singh exercised his option of 50% of his entitlements, under the issue and the balance of rights he sold to Ananth for a consideration of ₹1.50 per share.

(5) Dividends for the year ended March 31, 2017 at a rate of 15% were declared by the company and received by Singh on October 20, 2017.
(6) On November 1, 2017 Singh sold 20,000 equity shares at a premium of ~ 3 per share.
Show the Investment Account as it would appear in Singh’s books as on December 31, 2017 and the value of shares
held (average basis) on that date assuming the accounting year is April 1 to March 31.