Good Luck Ltd. decided to redeem its preference shares as on March 31, 2008 on which date its position was as under : Share Capital: 12% Redeemable Preference Shares of $ 100 each fully paid up Equity Shares of $. 100 each fully paid up Securities Premium General Reserve Other Liabilities The Board of Directors decided to redeem the preference shares both by issue of fresh capital and by utilisation of reserves but without any further borrowings. You are required to advise them the scheme for redemption and draw up the Balance Sheet after redemption along with journal tries (without narration). $ 30,00,000 1,70,00,000 17,00,000 25,00,000 58,00,000 3,00,00,000