Accounting ASAP

5. (a) Consider the following information of subsidiary MNT Ltd.- Liabilities 2019-20 2020-21 Amount in Amount in Issued and subscribed: 7,500 Equity Shares of ? 100 each 7,50,000 7,50,000 Revenue Reserve 2,14,000 5,05,000 Securities Premium 72,000 2,07,000 Trade Payables 2,90,000 2,46,000 Bank Overdraft 1,70,000 Provision for Taxation 2,62,000 4,30,000 Property, plant and equipment (Cost) 9,20,000 9,20,000 Less: Accumulated Depreciation (1.70.000) (2,82,500) 7.50.000 6.37.500 Investment (at cost) 5,30,000 Inventory 4,12,300 6,90,000 Trade Receivable 2,95,000 3,43,000 Prepaid expenses 78,000 65,000 Cash at Bank 52,700 42,500 Other Information: (1) MNT Ltd. is a subsidiary of LTC Ltd. (2) LTC Ltd. values inventory on FIFO basis, while MNT Ltd. used LIFO basis. To bring MNT Ltd.'s inventories values in line with those of LTC Ltd., its value of inventory is required to be reduced by 5,000 at the end of 2019-2020 and increased by 12,000 at the end of 2020- 2021. (Inventory of 2019-20 has been sold out during the year 2020-21) (3) MNT Ltd. deducts 2% from Trade Receivables as a general provision against doubtful debts. (4) Prepaid expenses in MNT Ltd. include Sales Promotion expenditure carried forward of *25,000 in 2019-20 and 12,500 in 2020-21 being part of initial Sales Promotion expenditure of 37,500 in 2019-20, which is being written off over three years. Similar nature of Sales Promotion expenditure of LTC Ltd. has been fully written off in 2019-20. Restate the balance sheet of MNT Ltd. as on 31st March, 2021 after considering the above information for the purpose of consolidation. Such restatement is necessary to make the accounting policies adopted by LTC Ltd. and MNT Ltd. uniform