The following is the Balance Sheet of ABC Ltd. as on 31st March, 2016:The value of assets is assessed as follows:

(1) Furniture is to be depreciated at 10%.

(2) Value of stock-in-trade, land and building and goodwill is estimated at ₹ 1,20,000, 2,50,000 and ₹ 80,000 respectively.

(3) Debtors are expected to realise 80% of book value. Find out the value of equity shares.

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I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (b) Reserves and Surplus --- General Reserve Profit and Loss Account (2) Share Application Money Pending Allotment : (3) Non-current Liabilities: (4) Current Liabilities: (a) Short-term Borrowings - Bank Loan (b) Trade Payables - Sundry Creditors TOTAL II. ASSETS (1) Non-current Assets : (a) Fixed Assets Balance Sheet of ABC Ltd. as at 31st March, 2016 (i) Tangible Assets: (2) Current Assets : TOTAL Particulars (1) Land and Building Furniture (ii) Intangible Assets--- Goodwill (a) Inventories (b) Trade Receivables - Sundry Debtors (c) Cash and Cash Equivalents ---Cash at Bank Note No. (2) (1) Amount (3) 4,50,000 22,000 10,000 - - 50,000 15,000 5,47,000 2,05,000 30,000 70,000 1.40.000 80.000 22.000 5,47,000