Theta Enterprises has the following cost information for its two production processes for December:

Particulars	Stage 1 (₹)	Stage 2 (₹)
Materials	80,000	--
Labour	70,000	95,000
Overheads	50,000	90,000

The transfer from Stage 1 to Stage 2 includes a 20% profit. The output of Stage 2 is transferred to finished goods with a 25% profit. The finished goods are sold for ₹12,00,000.

Requirements:

1. Prepare accounts for Stage 1 and Stage 2.
2. Determine the total profit for Theta Enterprises.
3. Assume no opening or closing stock.