Q4. Happy limited was incorporated on 1" Oct 2020. It took over the running business of Fun Limited with effect from 1 April 2020. From the following figures relating to the year ended on 31.03.2021, ascertain the profit prior to incorporation and profit after incorporation Commission 5,250 Advertisement 7,875 Managing Director's Remuneration 9,000 Depreciation 3,300 Salaries 21,000 Insurance 900 Rent 18,000 Other information: : Gross Profit for the year was Rs 90,000 The average monthly turnover from Oct 2020 onwards was double than that of the previous months. (6 marks)