Ilustration three

Thamford Lid leased a piece of land from Buako litd to mine diamonds. The lerms of the atsecement were:

a$)$ A royaliy of $GH20,000$per curat

b$)$ A minumum tent of $200$ million

c$)$ Short workings may be recouped only in the year after its oceurrence.

d$)$ In the case of astrike, royalies camed will discharge all the habilities for that year

c$)$ Should there be a lockout; the mimimum rent for the period of lockout will be abuted by $80\%$ of the mimimum rent for the period of the lockout.

An NGO, friends of rural people have agreed to grant a subsidy of $10\%$ of any unrecoupable short workings to Thamford Lid, for the three years of the lease.

The output of Thamford Ltd for the first four years of opetation under the lease agreement is as follows:

There was a lockout for six months in $2001$ and a strike in $2002.$

Required:

Record the above in the necessary books of Thamford I td$.$