Consider the following information pertaining to K Ltd. on September 4 2005 the company issued 12000 7% debentures having a face value of Rs. 100 each at a discount of 2-¢5%. On September 12 the company issued 25000 preference shares of Rs. 100 each. On September 29 the company redeemed 30000 preference shares of Rs. 100 each at a premium of 5% together with one month dividend @ 6% p.a. thereon. Bank balance on August 31 2005 was Rs. 3000000. After effecting the above transaction the Bank Balance as on September 30 2005 will be-”