The following is the summary of assets and liabilities of H Ltd. as on 31.03.2016: 6,00,000 2,00,000 Liabilities Share Capital: Authonsed 20,000, 10% redeemable Preference shares of 10 each 1,80,000 Equity Shares of 10 each 4,00,000 2,00,000 Assets Fixed Assets: Gross Block Less Depreciation Investments 2,00,000 Current Assets, Loans & Advances 18,00,000 Inventory 20,00,000 Debtors Cash & Bank Balances 50,000 50,000 and Issued, Subscribed paid up capital: 1,00,000 2,00,000 Miscellaneous Expenditure to the extent not written off 40,000 20000, 10% redeemable preference share of * 10 each 20,000 equity shares of 10 each 200.000 2,00,000 4,00,000 2,40,000 1,40,000 Reserve and Surplus: General Reserve Securities premium Profit and Loss Account Current Liabilities & Provision 37,000 23,000 8,40,000 8,40,000 For the year ended 31.3.2017, the company made a net profit of 30,000 after providing for 40,000 depreciation and writing off miscellaneous expenditure of 40,000. The following additional information is available with regard to company's operation. (1) The preference dividend for the year eneded 31.3.2017 was paid before 31.3.2017. (2) Except cash & bank balances, other current assets and current liabilities on 31.3.2017, was the same as on 31.3.2016. (3) The company redeemed the preference share at a premium of 10%. (4) The company issued bonus shares in the ratio of 1 share for every two equity shares held as on 31.3.2017. (5) To meet the cash requirements of redemption, the company sold a portion of the investments, so as to leave a minimum balance of 60,000 after such redemption. (6) Investments were sold at 90% of cost as on 31.3.2016. You are required to prepare: (0) Necessary journal entries to record redemption and issue of shares. (ii) Cash & Bank Account