January 1, 2022, Mr. Akhtar acquired a computer on hire-purchase system, agreed to pay four half-yearly installments of Rs. 1600 each commencing on June 30,2022. Interest is at 5% for each six-month period on cash price of Rs.6000. On September 30,2022, Mr. Akhtar committed default and the vendor seized the property. It was agreed that he would pay the due proportion of his half-year installment, i.e., Rs. 800 together with Rs. 720 for the repair of the computer. The retumed computer was later on valued at Rs.2800. Th computer was sold for Rs. 4800 after incurring renovating expenses of Rs. 600 . you are required t show the relevant accounts in the books of vendor and buyer. (20) The accounts of Blue limited disclose a net profit of Rs. 2 million for the year ended 31st Decemb 2022. The balance of profit brought forward from 2021 was Rs. 835,000 . The shareholders in annual general meeting resolved that (a) a dividend of 25% on 20,000 Equity Shares of Rs. 100 ea to be paid; (b) Rs. 250,000 be added to the Reserve Fund; (c) Rs. 420,000 be paid to the employe as bonus; and Rs. 330000 is transferred to sinking fund. Required; Make journal entries to give the effect to the above resolution and show the Profit a Loss Aptropriation Account of the company. Ignore income tax. (20)