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The following are the extracts from the Balance Sheet of Hari Ltd. as on 31st March, 2020: Share capital: 75,000 Equity shares of 10 each fully paid - 37,50,000; 2,250 10% Redeemable preference shares of 100 each fully paid 32,25,000. Reserve & Surplus: Capital reserve 31,50,000; General reserve 1,50,000; Profit and Loss Account - 31,12,500. On 1st April 2020, the Board of Directors decided to redeem the preference shares at premium of 10% by utilization of reserves. You are required to prepare necessary Journal Entries including cash transactions in the books of the company