Following is the extract of the Balance Sheet of X Ltd. as on 31st March 2018. Authorised Capital 6,00,000 60,000, 12% Preference Shares of 10 each 60,00.000 6,00,000 Equity Shares of * 10 each 66,00,000 Issued and Subscribed Capital 48,000 12% Preference Shares of ? 10 each fully paid 48,00,000 5,40,000 Equity Shares of 10 each, * 8 paid up 43,20,000 Reserves and Surplus General Reserve 7. 20,000 Capital Redemption Reserve 2,40,000 Securities Premium (collected in cash) 1,50,000 Profit and Loss Account 12,00,000 On 1st April 2018, the company has made final call @ 72 each on 5,40,000 equity shares. The Call money was received by 20th April 2018. Thereafter, the company decided to capitalize its reserves by way of bonus at the rate of one share for every four shares held. Show necessary journal entries in the books of the company and prepare the extract of the balance sheet as on 30th April 2018 after bonus issue