The paid-up capital of Apsara Ltd. consisted of 5,00,000 equity shares of ₹10 each and 50,000, 8% preference shares of ₹100 each. The statement of profit and loss of the company for the year ended 31 st March, 2014 showe

The paid-up capital of Apsara Ltd. consisted of 5,00,000 equity shares of ₹10 each and 50,000, 8% preference shares of ₹100 each. The statement of profit and loss of the company for the year ended 31 st March, 2014 showed net profit before tax of ₹20,00,000. The net profit brought forward from previous year's balance sheet amounted to ₹6,00,000. The company makes a provision of 40% for income tax. Following appropriations were proposed by the company: (a) To pay dividend on preference shares. (b) To pay final dividend @ ₹1.50 per share to equity shareholders. (c) To transfer minimum amount to general reserve. How will the above appropriations be dealt with in the balance sheet of the company as on 31 st March, 2014? Provide corporate dividend tax at the rate of 17%.