Cost Price Method1. C of Calcutta sent 100 bicycles to B of Mumbai to be sold on consignment basis on 1.1.2014. The cost of eachbicycle was 800, C incurred 500 for freight, R 750 for cooli charges and 3 850 for insurance premium.On 31.12.2014, C received on Account Sales from B, which showed that he sold 80 bicycles @ 1,200 each andafter deducting his commission and expenses amounting to 20,000, he sent the balance amount by a draft with theAccount Sales. According to contract, B is entitled to get ordinary commission @ 10% and del credere commission@5% on sale proceeds. Show important Ledger Accounts in the books of both the parties.2. On 1st January, 2014 Sadhan Sen of Sodepur sent 1,000 units of silk goods to Biren Bose of Berhampur The goodscost 75,000 to Sadhan and these were sent on consignment basis. Sadhan had to incur an expenditure of 1,500on the goods. On the due date, the goods reached the destination and Biren had to spend on the goods 1,000 onvarious accounts.On 30th September, 2014 an Account Sales was received by Sadhan showing that 750 units were sold at * 150 each.Biren charged 5% ordinary commission and 7/2% del credere commission. The consignee sent with the AccountSales a sight draft for 90,000 only.You are required to prepare the Account Sales and the necessary Journal entries and Ledger accounts in the booksof both the parties.3. On 1st January, 2015, C of Calcutta sends 1,000 boxes of clothing to M of Madras on consignment basis. The goodsin each box cost *200. C pays railway freight and insurance 500 and draws upon M a bill for 10,000 which isduly accepted.On 2nd April, 2015, M forwards an Account Sales to showing that 500 boxes have been sold at 250 per boxwhile 300 boxes were sold at * 260 per box and 200 boxes remained in stock unsold. The expenses incurred by M​