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From the following information of ABC Insurance co Ltd., a General Insurance Company, for the year ending 31st March 2021, Draw the Revenue statement clearly segregating into: a) Premium (Sch.1) b) Claims ( Sch.2) c) Commission (Sch.3) d) Operations (Sch.4) and the Net Operating Profit /Loss from the Insurance Business Direct Business Rs. Re Insurance Rs. Particulars Premium Received 9325000 1125000 Premium Paid 965000 Claims paid during the year 5900000 675000 DIRECT BUSINESSRE INSURANCE Rs. Rs. Claims payable 1st April 2020 833000 94,000 Do do 31st March 2021 646000 65,000 Claims Read 320000 Claims payable 1st April 2020 74,000 Claims payable 31st March 2021 120000 Expenses 289400 Claims Recd. 320000 74,000 HA Claims payable 1st April 2020 Claims payable 31st March 2021 120000 Expenses 239400 Commission: On Insurance accepted 520000 75,000 On Insurance ceded: 119,200 The following additional information is also given : 1. Management expenses includes Rs.229000 surveyors fees & Rs.162000 legal expenses for settlement of claims 2. Reserve for unexpired risk is to be maintained at 50%. The balance of reserve for Unexpired risk as on 1.4.2020 was Rs.4900000