Illustration 9 During the year 2012, Soni Ltd earned a profit of $1,85,720 after adjusting the following: $ Provision for bad debts 1,500 Salaries 8,500 Depreciation written off 15,300 Profit on sale of fixed assets 14,000 Discount on debentures written off 20,000 Loss on sale of investments 2,000 Preliminary expenses written off 8,000 Proposed dividend 50,000 Transfer to debenture redemption Fund 20,000 Dividend received 4,500 Calculate funds from operations