P& Co. Ltd., sells its products in returnable packages. Customers are charged at $. 5 for each package at the time of sale and credited with $. 4 if the packages are returned in two months. In case the packages are returned in a damaged condition, credit is given for $. 2. The following figures are available for the year ended on March 31, 1998. Nos. $. Returnable packages with customers as on 1.4.1997 20,000 40,000 Stock on hand as on 1.4.1997 5,000 10,000 Packages purchased during the year 15,000 45,000 Returnable packages with customers as on 31.3.98 10 Packages sent during the year Packages returned during the year in damaged condition Packages not returned within the scheduled time during the year 20,000 50,000 5,000 All stock is to be valued at cost, assuming that FIFO method was followed for the purpose of despatch to consumers. Damaged packages are valued at 50% of cost. Write up the necessary Ledger Accounts.