=+

(b) The general reserve of Bird Limited was the same on 31 March 20X1 as on 31 March 20X2. The balance on the statement of comprehensive income of Bird Limited is made up as follows: * Balance on 31 March 20X1 Net profit for the year ended 31 March 20X2 Less provision for proposed dividends (c SS S 28,000 32,000 60,000 15,600 44,400 The inventory of Bird Limited on 31 March 20X2 included €16,000 in respect of goods purchased from Black Limited. These goods had been sold by Black Limited to Bird Limited at such a price as to give Black Limited a profit of 20% on the invoice price. (d)