dont do wrong, i will dislike if it is wrong

13. The following is the Balance-sheet of Grape Fruit Company Ltd as at March 314, 2019. Liabilities (in lakhs) Assets (in lakhs) Equity shares of 100 each 600 Land and Building 200 14% preference shares of 200 plant and Machinery 300 100/- each 13% Debentures 200 Furniture and Fixtures 50 Debenture interest accrued 26 Inventory 150 and payable Loan from bank 74 Sundry debtors 70 Trade creditors 340 Cash at bank 130 Preliminary expenses 10 Cost SSUE of 5 debertures Profit and Loss account 525 1440 1440 The Company did not perform well and has sutered sizable losses during the last few years. However, it is fell that the company could be nursed back to health by proper financial restructuring Consequently the following scheme of reconstruction has been drawn Equity shares are to be reduced to t po 7 25- per share fly ped Preference shares are to be reduced (with coupon rated 10 to equal number of shares of 50 each fully paid up (m) Debentare holders have agreed to forge the score merestoue to them in the future the rate of interest on debentures is to be reduced b percent Trade creditors will brego 3 percent of the amount ce v tem The company issues 6 lakh of equity shares at 7 25 each and the entire sum was to be paid on solidation The entre amount was fly subscribed by promoters Land and Building was to be revalued at 2450 ans Pant and Machinery east beroan by 120 lakhs and a provision of t15 lakas had to be made for bed y Land and Buong was to be revued 27450. Plentong Manny as to be write down by ? 120 lakhs and a provision of tees had b be made for bed and outlets . Shoa the act of imamo on me companys des e pro