On 31 March 19X5 the investments held by Jowetts of Mayfair Ltd included 6,000 ordinary shares of \(£ 1\) each fully paid in Composite Interest Ltd, such shares appearing in the books at \(£ 7,200\). It is not the practice of Jowetts of Mayfair Ltd to make apportionments of dividends received or receivable.

Jowetts of Mayfair Ltd sold 1,000 shares on 31 May 19X5 for \(£ 1,965\). On 20 September 19X5 Composite Interest Ltd:

(a) Issued by way of a bonus issue three fully paid shares for every five held on 31 August 19X5.

(b) It gave the right to shareholders to apply for one share for every two actually held on 31 August 19 X5, the price to be \(£ 1.05\) per share payable in full on application.

The shares issued under \((a)\) and \((b)\) were not to participate in the dividend for the year ended 31 August 19X5.

The bonus shares were received. For the rights issue 1,800 shares were taken up and paid for on 30 September 19X5. The rights on the remaining shares were sold for \(£ 0.3\) per share, the money for this being received on 15 November \(19 \times 5\).

On 17 December 19X5 Composite Interest Ltd declared and paid a final dividend of 20 per cent for the year ended 31 August 19X5, and on 15 March 19X6 an interim dividend of 5 per cent for the year ended 31 August \(19 \mathrm{X} 6\).

Show the investment account for the year ended 31 March 19X6 as it would appear in the books of Jowetts of Mayfair Ltd.

Expenses of sale are to be ignored.