The summarized Balance Sheets of Strong Ltd. and Weak Ltd. as on 31.03.2016 is as below: Summarised Balance Sheet as on 31.03.2016 Liabilities Strong Ltd. Weak Ltd. Assets Strong Ltd. Weak Ltd. Equity Sharel Fixed Assets other Capital ( 100 50,00,000 30,00,000 than Goodwill 30,00,000 20,00,000 each) Reserve 3,00,000 1,50,000 Inventory 8,00,000 6,00,000 P/L A/C 6,00,000 4,00,000 Trade receivables 14,00,000 9,00,000 Trade payables 5,00,000 3,00,000 Cash & Bank 12,00,000 3,50,000 64,00,000 38,50,000 64,00,000 38,50,000 Strong Ltd. takes over Weak Ltd. on 01.07.14. No Balance Sheet of Weak Ltd. is available as on that date. It is however estimated that Weak Ltd. earns estimated profit of 2,00,000 after charging proportionate depreciation @ 10% p.a. on fixed assets, during April-June, 2016. Estimated profit of Strong Ltd. during these 3 months is * 4,00,000 after charging proportionate depreciation @ 10% p.a. on fixed assets. Both the companies have declared and paid 10% dividend within this 3 months' period. Goodwill of Weak Ltd. is valued at 72,00,000 and Fixed Assets are valued at 1,00,000 above the estimated book value. Purchase consideration is to be satisfied by Strong Ltd. by shares at par. Ignore Income tax. You are required to calculate the following: (1) No. of shares to be issued by Strong Ltd. to Weak Ltd. against purchase consideration; (ii) Net Current Assets of Strong Ltd. and Weak Ltd. as on 01.07.2016; (iii) PIL A/c balance of the Strong Ltd. as on 01.07.2016; (iv) Fixed Assets as on 01.07.2016; (V) Balance Sheet of Strong Ltd. as on 01.07.2016 after takeover of Weak Ltd