32. Bhalla Consigned 40 machines to Raman on 1st January, 2016 on the following terms:(a) All machines were to be sold at 20% above the cost of 10,000. Any deficit in selling price isto be borne by Raman and is to retain 50% of any surplus price realised.(6) Raman is to be paid 3% commission and 2% del-credere commission on all sales.Bhalla incurred freight charges of 40,000 in consigning the machines.Raman sent the following Account Sale on 31st December, 2016:10 machines sold @ 12,000 each.5 machines sold @ 10,000 each.15 machines sold @14,000 eachRaman had incurred unloading charges of 4,000 and selling expenses of * 6,000. He hadcollected the entire sale proceeds except 2,000 which had become a bad debt. Raman sent a bankdraft for the net amount due to Bhalla.On 30th June, 2017, Raman sent a further Account Sale disclosing 10 machines sold at12,000 each. Selling expenses were 1,500. He also sent a draft for the net amount due.Bhalla closes his books on 31st December each year. Write up the ledger accounts in the books ofBhalla for the years 2016 & 2017.[Ans. Consignment Profit - 2016: 17,000 ; 2017: * 1,500]​