Z Ltd. is a multi-national company and prepares and presents its financial statements following Indian Accounting Standards. (i) Z Ltd. makes sale…

Z Ltd. is a multi-national company and prepares and presents its financial statements following Indian Accounting Standards. (i) Z Ltd. makes sale of goods to customers on credit of 45 days. The customers are entitled to earn a cash discount @ 2% per annum if payment is made before 45 days and an interest @ 10% per annum is charged for any payments made after 45 days. (ii) Z Ltd. makes sale of goods to customers on credit. Goods are carried in large containers for delivery to the dealers' destinations. All dealers are required to deposit a fixed amount of 10,000 as security for the containers, which is returned only when the contract with Company terminates. The deposits carry 8% per annum which is payable only when the contract terminates. If the containers are returned by the dealers in broken condition or any damage caused, then appropriate adjustments shall be made from the deposits at the time of settlement. (iii) Z Ltd. has following three types of interests in an associate: Equity shares: 25% of the equity shares to which equity method of accounting is appliedPreference shares: Non-cumulative preference shares that form part of net investment in the associate. Such preference shares are measured at fair value as per Ind AS 109.Long-term loan: The loan carrying interest of 10% p.a. The interest income is received at the end of each year. The long-term loan is accounted as per amortised cost as per Ind AS 109. This loan also forms part of net investment in the associate. At the start of year 1, the carrying value of each of the above interests is as follows: Equity shares - 10,00,000Preference shares - 5,00,000Long-term loan - 3,00,000 Following table summarises the changes in the fair value of preference shares as per Ind AS 109, impairment loss on long-term loan as per Ind AS 109 and entity's share in profit/loss of associate for year 1: End of Year Increase / (Decrease) in fair value of preference shares as per Ind AS 109 Impairment loss / (reversal) on long-term loan as per Ind AS 109 ₹ Entity's share in profit / (loss) of associate 1 (50,000) (50,000) (16,00,000) Throughout year 1 to 5, there has been no objective evidence of impairment in the net investment in the associate. The entity does not have any legal or constructive obligation to share the losses of the associate beyond its interest in the associate. Based on above, determine the closing balance of each of the above interests at the end of each year. Analyze the transactions mentioned above and choose the most appropriate option in the below questions 9 to 13 in line with relevant Ind AS: