A KK Ltd has a trading profit, before dealing with any of the undermentioned items, for the year ended 31 December 19X9 of \(£ 200,000\). You are to complete the profit and loss account for the year.

(a) The standard rate of income tax is taken as being 30 per cent.

(b) KK Ltd has bought \(£ 80,000\) of 10 per cent debentures in another company. KK Ltd receives its interest, less income tax, for the year on 15 December \(19 \mathrm{X} 9\).

(c) KK has issued \(£ 150,000\) of 8 per cent debentures, and pays interest, less income tax for the year on 20 December 19 X9.

(d) No cheque has been paid to the Inland Revenue for income tax.

(e) KK Ltd has a liability for corporation tax, based on the year's profits for 19 X9, of \(£ 97,000\).

(f) KK Ltd owns 60,000 ordinary shares of \(£ 1\) each in GHH Ltd, and receives a cheque for the dividend of 20 per cent in November 19X9. GHH Ltd is neither a subsidiary company nor a related company.

(g) KK Ltd proposed a dividend of 15 per cent on the 100,000 ordinary shares of \(£ 1\) each, payable out of the profits for \(19 \times 9\).

(b) Transfer \(£ 20,000\) to general reserve.

(i) Unappropriated profits brought forward from last year amounted to \(£ 19,830\).