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During the year 2012, Soni Ltd earned a profit of $1,85,720 after adjusting the following: Provision for bad debts Salaries Depreciation written off Profit on

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During the year 2012, Soni Ltd earned a profit of $1,85,720 after adjusting the following: Provision for bad debts Salaries Depreciation written off Profit on sale of fixed assets Discount on debentures written off Loss on sale of investments Preliminary expenses written off Proposed dividend Transfer to debenture redemption Fund Dividend received Calculate funds from operations. $ 1,500 8,500 15,300 14,000 20,000 2,000 8,000 50,000 20,000 4,500

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