Please help me to solve this question.
Zutshi Ltd. has 12% redeemable preference share capital of Rs.2,00,000 consisting shares of Rs.100 each fully called and paid-up. The company wants to redeem them at 10% premium. The ledger accounts show the following balances Profit and loss account Rs.40,000 and securities premium account Rs.8,000. The company desires to make a minimum fresh issue of equity shares of Rs.10 each at 5% premium for redemption of the preference shares. You are required to ascertain the amount of such fresh issue to be made by the company
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