Jai Investment and Finance Ltd. had acquired 3,000 shares of Gabbar and Sambha Ltd. in September 2004. They were being carried in the 31-03-2006 balance sheet at Rs. 17,85,000. Gabbar and Sambha Ltd. came out with a rights issue of 1 share each for every 3 shares held by the existing shareholders at a price of Rs. 398 each in the month of December 2006. Determine the cost of investment after the rights issue under the following three situations:
1. Jai Investment and Finance Ltd. fully subscribed to the rights shares.
2. It subscribed to only 600 rights shares and sold rest of the rights in the market for Rs. 63 each.
3. It did not subscribe to rights shares and sold rights of all the 1000 shares.