14. On 1st July, 2020, Alpha Ltd. purchases second-hand machinery for ₹ 20,000 and spends ₹ 73,000 on reconditioning and installing it. On 1st January, 2021, the firm purchases new machinery worth ₹ 12,000. On 30th June, 2022, the machinery purchased on 1st January, 2021, was sold for ₹ 8,000 and on 1st July, 2022, a fresh plant was installed.

Payments for this plant was to be made as follows: 

1st July, 2022 ₹ 5,000

30th June, 2023 ₹ 6,000

30th June, 2024 ₹ 5,500

Payments in 2023 and 2024 include interest of ₹1,000 and ₹ 500 respectively.

The company writes off 10% p.a. on the original cost. The accounts are closed every year on 31st March. Show the Machinery Account for the year ended 31st March, 2023.