Trevone Ltd has an issued share capital of 500,000 ordinary shares of £1 each.

The accounts manager prepared the first part of the income statement for the year ended 30 April 20X9, which showed a profit before taxation of £77,540.

The following balances remained on the trial balance:

In addition, he informs you that the directors recommend the payment of a final ordinary dividend of 10% on the ordinary shares and they wish to transfer an additional £3,000 to the general reserve. He estimates the corporation tax charge to be £13,400. The accounts manager requires you to:

(a) calculate the retained profit figure to be shown in the statement of financial position

(b) produce a statement of financial position as at that date from the information available.

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Non-current assets Current assets Trade payables Share premium account Revaluation reserve General reserve 640,800 197,890 12,350 5,000 10,000 12,000 Retained profits brought forward 221,800