Himalaya Mount Ltd. issued 3,60,000 shares which were underwritten as:
A: 2,16,000 shares;
B: 90,000 shares;
C; 54,000 shares
The underwriters made applications for firm underwriting as follows:
A: 28,800 shares;
B: 10,800 shares;
C: 36,000 shares the total subscription excluding firm underwriting (including marked applications) were 1,80,000 shares.
The marked applications were:
A: 36,000 shares;
B: 72,000 shares;
C: 18,000 shares.
You are required to prepare a statement showing the net liability of underwriters.