Moon Company Ltd. has an authorized capital of Rs. 500,000 divided into 5,000 ordinary shares of Rs.100 each. On 31' December 1959 2,500 shares were fully called and paid up. The following are the balances extracted from the ledger accounts of the company as on 31st December 1989

Inventory 500,000 Advertisement 3,800 Sales 425,000 Bonus 10,500 Purchase 300,000 Debtors 38,700 Wage 70,000 Creditors 35,200 Discount allowed 4,200 Machinery 80,500 Discount received 3,150 Furniture 17,100 Insurance upto 31-3-1999 6,720 Cash at Bank 139,700 Salaries 18,500 Reserves 25,000 Rent 6,000 Loan from A & Co 15,700 General expenses 8,950 Bad debt 3,200 Profit & Loss Account (Cr) 6,220 Printing charges 2,400

OTHER INFORMATION:

(1) Ending inventory on 31st December 1998 was Rs. 96,000

(2) Depreciation charged on Machinery 15% and on Furniture at 10%.

(3) Outstanding Liabilities.

Wages Rs. 6,000

Salary Rs. 15,000

Rent Rs. 1,200

(4) Dividend at 5 percent on paid up share capital to be provided.

Required:

You need to calculate the following information.

1. Net Sales Rs. 2. Cost of good sold Rs. 3. Gross Profit Rs. 4. Total Operation Expenses Rs. 5. Profit For The Year Rs. 6. C/D Retained Earning Rs. 7. Total Non current asset Rs. 8. Total current asset Rs. 9. Total Current Liability Rs. 10 Net Assets Rs.