Q. No. 7: Sindh Minerals Ltd., leased a coal field from Mr. Shah for a period of 10 years from 1" Jan. 2021 on a royalty of Rs:1 per ton of coal raised with a minimum rent of Rs:68,000 and power to recoup short workings during the first five years of the lease. The Annual output of First Five Years was as follows: 2001 - 26000 tons; 2002 - 50,000 tons; 2003 - 52000 tons;. 2004 - 70,000 ton; 2005 -90,000 tons. Required: Pass Journal entries in the Books of Lessee