(b) The balance sheet of Abi & Co., Ltd on 31.12.2010 stood as follows: Liabilities Rs. Assets Rs. Equity shares of Rs. 5,00,000 Fixed Assets 8,00,000 100 each 9% Redeemable Pref. 3,00,000 Investments 1,00,000 Shares of Rs. 100 each Securities premium 50,000 Bank balance 2,00,000 Capital reserve 1,00,000 Other current 5,00,000 asstes Profit and loss A/C 2,00,000 10% Debentures 3,00,000 Creditors 1,50,000 16,00,000 16,00,000 Page 7 Code No.: 10094 E Both the redeemable preference shares and debentures were due for redemption on 1.1.2011. The company arranged for the following: (1) It issued 2,000 equity shares of Rs. 100 at a premium of 10%. (ii) It sold the investments for Rs. 90,000. (iii) It arranged a bank overdraft to the extent necessary. The redemptions were carried out. Prepare bank account