$($C$)$ Prepare Journal Entries for the following transactions in the books of Annamalai Bros.

$($i$)$ Employees had taken stock worth $20,000($Cost price $15,000)$ on the eve of Deepan and the same was deducted from their salaries in the subsequent month.

$($ii$)$ Wages paid for erection of Machinery $16,000.$

$($iii$)$ Income tax liability of proprietor $3,400$ was paid out of petty cash.

$($iv$)$ Purchase of goods from Naveen of the list price of $4,000.$ He allowed $10\%$ trade discou $100$ cash discount was also allowed for quick payment.