Calculate Net Profit before Tax and Extraordinary Items of Premier Sales Ltd. from its Balance Sheet as at 31st March, 2019: Particulars ulars Note No. 31st March, 2019 (₹) 31st March, 2018 (₹) I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Share Capital 5,00,000 5,00,000 (b) Reserves and Surplus (Surplus, i.e., Balance in Statement of Profit and Loss) 2,00,000 1,45,000 2. Current Liabilities (a) Trade Payables 90,000 50,000 (b) Other Current Liabilities 20,000 10,000 (c) Short-term Provisions 1 50,000 30,000 Total Total Expenses 8,60,000 7,35,000 II. ASSETS 1. Non-Current Assets (a) Fixed Assets 4,50,000 4,00,000 (b) Non-Current Investments 50,000 1,50,000 2. Current Assets 2,60,000 1,85,000 Total 8,60,000 7,35,000 Notes to Accounts Particulars 31st March, 2019 (₹) 31st March, 2018 (₹) I. Short-term Provisions Provision for Tax 50,000 30,000 Additional Information:(i) Proposed Dividend for the years ended 31st March, 2018 and 2019 are ₹ 50,000 and ₹ 75,000 respectively.(ii) Interim Dividend paid during the year was ₹ 10,000.