(10 Marks) (b) A Fire occurred in the premises of M/S MJ & Co., on 31st December, 2019. From the following particulars related to the period from 1st April 2019 to 31st December 2019, you are required to ascertain the amount of claim to be filed with the insurance policy for 1,00,000 which is subject to average clause. The value of goods salvaged was estimated at 31,000. The average rate of gross profit was 20% throughout the period: Particulars Amount ( (0) Opening stock as on 1st April, 2019 1,50,000 (ii) Purchases during the year 4,20,000 (iii) Goods withdrawn by the proprietor for his self-use at Sales 10,000 Value (iv) Goods distributed as charity at cost 4,000 (v) Purchases include 5,000 of Tools purchased, these tools should have been capitalized. (vi) Wages (include wages paid for the installation of machinery 90,000 6,000) (vii) Sales during the year 6.10.000 (vity) Cost of goods sent to consignee on 1st November, 2019. lying unsold with the consignee. 25.000 (ix) Sales Return 10.000 (10 Marks)