Read the hypothetical text and answer the following questions.Mohan and Sohan are equal partner Their capitals as on 1St April,2020 are 1,00,000 and 2,00,000 respectively. Profits for the year 2020-21 were ₹ 90,000. As per the agreement, interest on capitals was ₹ 10,000 and ₹ 20,000 respectively and interest on drawings was ₹ 6,000 and ₹ 10,000 respectively. Mohan’s salary was ₹ 2,000 p.m. and Sohan’s salary was ₹ 5,000 p.a.Accountant, however, committed the mistake and credited the profit in the capital ratio, Without interest on capitals, drawings and salary.1. With what amount was Sohan’s account credited with initially? a) ₹ 30,000 b) ₹ 45,000 c) ₹ 60,000 d) 90,000 2. What was the total salary required to be credited? a) ₹ 70,000 b) ₹ 84,000 c) ₹ 29,000 d) 48,000 3. What was the rate of interest on capital? a) 5%b) 10% c) 15% d) 20% 4. What was the amount of past adjustment entry? a) ₹ 20,500 b) ₹ 21,500 c) ₹23,500 d) ₹ 22,500