=+6. The statement of comprehensive income of Quickbuck Limited for the year ended 31 December 20X4 was as follows:

\ $ $

Revenue 544,275 Opening Inventory 41,000 Purchases 1522)

Closing Inventory (48,525) 145,000 Gross Profit 399 a Depreciation 30,000 Other expenses 271:050 301,050 Profit before Taxation O82 5 Income tax expense = 24,275 Profit after Taxation ‘ aD tt)

Dividends Paid 10,000 Proposed 10,000 20,000 Profit Retained for the year 53,950 Dividends paid and proposed during the year ended 31 December 20X4 by Quickbuck Limited were as follows:

$

Paid 10,000 Proposed 10,000 The proposed dividends were approved by shareholders of Quickbuck Limited prior to 31 December 20X4.

The Statement of Financial Position of Quickbuck Limited as at 31 December 20X4 was as follows:

Assets $

Non-current Assets:

Property, plant and equipment 270,000 Current Assets:

Balance at bank 9,475 Receivables 45,500 Inventory 48,525 103,500 Total Assets 373,500