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036 Illustration 7 Dee Limited (a non-listed company) furnishes the following summarized Balance Sheet as at 31 March, 2012: *000 '000 Liabilities Share capital: Authorised capital 30.00 Issued and subscribed capital: 2,50,000 Equity shares of 10 each fully paid up 25,00 2,000, 10% Preference shares of 100 each 2.00 (Issued two months back for the purpose of buy back) 27,00 Reserves and surplus: Capital reserve 10,00 Revenue reserve 30,00 Securities premium 22,00 Profit and loss account 35.00 97,00 Current liabilities and provisions 14,00 1,38,00 Assets Fixed assets 93,00 Investments 30,00 Current assets, loans and advances (including cash and bank balance) 15,00 1,38,00 The company passed a resolution to buy back 20% of its equity capital @ 750 per share. For this purpose, it sold all of its investment for 722,00,000. You are required to pass necessary journal entries and prepare the Balance Sheet