Based on following case, answer question.

Nayana and Arushi were partners sharing profit equally. Their Balance Sheet as at March 31, 2017 was as follows:

The firm was dissolved on the above date:

(1) Nayana took over 50% of the stock at 10% less on its book value, and the remaining stock was sold at a gain of 15%. Furniture and Machinery realised for ₹30,000 and ₹50,000 respectively.
(2) There was an unrecorded investment which was sold for ₹34,000
(3) Debtors realised 90% only and ₹1,200 were recovered for bad debts written-off last year.
(4) There was an outstanding bill for repairs which had to be paid for ₹2,000

Calculate the total amount realised in Cash/Bank at the time of dissolution of the firm from sale of assets & recovery.

₹1,57,825

The correct answer is Option (2) → ₹1,57,825

Unrecorded Investment = 34,000
Furniture = 30,000
Machinery= 50,000
Debtors (90%) 22,500
Stock = 20,125 (NOTE 1)
Bad debts recovered 1,200
Total = ( 34,000+30,000+50,000+22,500+20,125+1200)
         = 1,57,825

NOTE-1
Stock = 35000
50% is taken by Nayana means 35000 x 50/100
                                             = 17500
Remaining stock = 35,000 - 17,500
                          = 17,500
Remaining stock sold at gain of 15%
Remaining stock = 17500 x 15/100
                          = 26,25
Realised amount of remaining stock = 17,500 + 2,625
                                                           = 20,125