Sarvottam Ltd was incorporated on January 1, 2016 with an authorised capital of ₹50,000 to take over the running business of Uttam Bros. from October 1, 2014. The following is the summarised Profit and Loss Account for the year ending September 30,2016.The company deals in only one product. The cost of sales per unit was reduced by 10% in the post-incorporation period, as compared to the pre-incorporation period. Prepare a statement showing the net profit of the pre-and post-incorporation period. Also show the basis of apportionment.

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year ending September 30,2016. Sales from 1.10.2014 to 31.12.2014 Sales from 1.1.2016 to 30.9.2016 Cost of Sales for the year Administrative expenses Selling commission Goodwill written-off Interest to Vendors (loan repaid on 1.2.2016) Distribution expenses (60% variables) Preliminary expenses Debenture interest Depreciation Directors' fees Net profit ₹ 60,000 1,90,000 1,54,000 17,680 8,750 2,000 3,730 12,500 3,300 3,200 4,440 1,000 2,50,000 2,16,600 33,400