Direction: A word and number arrangement machine when given an input line of words or numbers rearranges them following a particular rule. The following is an illustration of input and rearrangements. Study the given information and answer the following questions.

Input:      2764     1598     2201    1237     2482    1479

Step I:     2196     1458       &        2783     2498    1621

Step II:     OC        ME       FC         KI          ♦         CG

Step III:     YM         ¥         YV        SQ        VK        UY

Step IV:           1111               1118                      £

Step IV is the last step of the rearrangement.  

Note:
I. 'J' represents the sum of the alphabetical place values of the letters in '♦'.
II. 'K' represents the product of the digits in '£'.
III. 'L' represents the sum of the digits in '&'.
IV. 'M' represents the difference in the alphabetical place values of the letters in '¥'.