*4. COMPANY – DISPOSAL OF NET INCOME* Given below are the balances taken from the books of Khan & Sons Ltd. as on December 31, 2024: Authorized Capital: 200,000 ordinary shares of Rs.10 each — Rs.20,00,000/- Paid up Capital: 100,000 ordinary shares of Rs.10 each — Rs.10,00,000/- Retained earnings (un-appropriated) — Rs.2,10,000/- The income summary showed a credit balance of Rs.3,40,000/- for the year ended December 31, 2024. The management of the company decided as follows: i) To declare cash dividend @ 6% and stock dividend @ Rs.2 per share. ii) To appropriate Rs.30,000/- for building extension. iii) Dividend warrants issued for cash dividend. Required: Prepare necessary entries in the General Journal to record the above transactions. *5. ACCOUNTING FOR PLANT ASSETS* On January 01, 2025, Ahmed Machinery Co. purchased a machine at a list price of Rs.4,00,000. The terms were 2/10, n/30 and payment was made on January 10th. Additional costs were incurred as follows: Installation and Testing – Rs.12,000 Freight Charges – Rs.6,000 Fire Insurance for 3 years – Rs.7,200 Insurance-In-Transit – Rs.4,800 Required: Compute the Cost of Machine and prepare necessary journal entries to record the cost of Machine.