X company purchased a business on 1^st April 1993. The company obtained certificate of incorporation on 31^st July 1993. From the following particulars for the year ending 31^st March 1994, ascertain profits prior to incorporation and divisible profits.

(a). Total sales upto 31st March 1994 to ₹10,00,000; sales from 1st April 1993 to 31st July 1993 ₹2,50,000. 

(b). Gross profit for the year ₹2,12,000 

(c). Expenses debited to profit and loss account were as under:

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Particulars Rent Insurance Salaries Selling Expenses Advertisement Audit Fees Bad Debts (850 related to pre-incorporation) General Expenses Directors' Fees Preliminary Expenses Interest paid to vendors upto 1st September 1993 6,000 1,500 27,000 9,000 8,000 1,200 2,400 2,400 2,600 7,200 5,000 Particulars Interest on Debentures Printing and Stationery Depreciation on Machinery Commission on Sales 4,000 4,200 30,000 12,600