M. V. Empress is regularly employed on cargo trade between North America and East Africa. She set out on a voyage on July 1, 1997, and arrived at her destination on August 14, 1997. Prepare a Voyage Account bearing in mind the following particulars: (1) The vessel was purchased in 1990 for $ 100 millions and at the time of purchase had 16 years of working life left; (Depreciation on ships is charged on a Straight Line basis). (2) Standing cost per day excluding recovery of depreciation is $ 22,000. (3) Every day the vessel consumes 14 tonnes of fuel oil, 2 tonnes of diesel and 15 tonnes of fresh water. The costs of these are $1,000, $1,350 and $ 20 per tonne respectively. (4) The vessel carried the following cargo: 4,000 tonnes on which freight of $375 per tonne was charged and 3,500 tonnes on which the rate of freight was $ 190 per tonne. Both the rates are to be enhanced by a surcharge of 20% over the basic rates. (5) Freight brokers were due to a brokerage of 22%. (6) Port charges at the loading and discharging ports were $ 40,000 and $ 85,000 respectively