3. PARMATMA Ltd. Delhi invoices goods to its Mumbai and Kolkata offices at 20% less than the list price which is cost plus 50% with instructions that cash sales are to be made at invoice price and credit sales at list price. Opening Stock at Mumbai at its cost 3,07,200. Goods Sent to Mumbai (at cost to Delhi) 4,40,000. Cash Sales 74.8% of Net Credit Sales 5,80,000. Goods retumed by Credit Customers to Mumbai 1,80,000. Goods returned by Mumbai to Delhi 1,44,000. Loss of Goods by fire (at invoice price) 12,000 against which 80% of cost was recovered from the insurance Company. Loss of Goods at Mumbai through normal pilferage (at list price) 12,000. Debtors at Mumbai:Opening 40,000 Cash remitted by Mumbal Branch to HO: 6,49,740. Discount Allowed to Debtors 53,460. Goods received by Mumbai till close of the year 5,08,000. Provision is to be made for discount on Debtors at 15% on prompt payments at year end on the basis of year's trend of prompt payments. Cash remitted by HO to Branch for Expenses: 36,000 Branch Expenses still outstanding: 2,964 Manager is entitled to a commission @ 6% of net profits after charging such commission. Answer the following: (a) Calculate Net Credit Sales. [3 Marks] (b) Calculate Cash Sales. [3 Marks] (c) Calculate the Provision for discount to be made. [3 Marks] (d) Calculate the Closing Stock in hand at Mumbai Branch. [4.75 Marks] [Note: Detailed Ledger Accounts are not required]