02. PQR imited was incorporated on ist July 2020. It took over the funning business of Limited with effect from Ist April 2020. From the following figures relating to the year ended on 31* Mar 2021, curtain the profit prior to incorporation and profit post incorporation The expenses debited to profit and loss account were as follows: Rupees Depreciation 14000 Salaries 90000 Commission 13130 Advertisement 26250 Insurance 3000 Preliminary expenses 3500 Rent and Taxes 15000 Discount 1750 Bad Debts 6250 Managing Director's Remuneration 45000 The following details are available: The Gross Profit for the year was Rs 490000. The average monthly turnover from July 2020 onwards was double than that of the previous months. Rent for the first three months was paid @ Rs 1000 per month and thereafter at a rate increased by Rs 250 per month. Bad debts of Rs 1750 related to sales effected after 1st September 2020. Advertisement expenses were directly proportionate to the sales. You are required to ascertain the profit prior to incorporation and profit post incorporation