The following information relating to the year ending 30 June 2025 for Artemis Ltd has been obtained from the company’s records.

Required

(a) Record the above adjustments in the ledger.

(b) Prepare a statement of changes in equity complying with IAS 1/AASB 101 (ignore comparatives).

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General reserve Goodwill Income tax expense Interim dividends paid Profit for year before further adjustments and income tax Retained earnings (1/7/25) Revaluation surplus Share capital - 75 000 ordinary shares issued at $1 $ 9000 15 000 72 000 30 000 262 500 30 000 30 000 75 000 There were no shares issued during the year. The revaluation surplus related only to a block of land that had been previously revalued to a fair value of $180 000 from a cost of $150 000. It is now fair valued at $105 000. 1. On 30 June 2025, the directors decided to: declare a final dividend payment of 15c per share this dividend does not have to be ratified by the annual meeting 223 2. 3. write off goodwill increase general reserve by $5 000.