1 The trial halance of Seema Limited for the year ended 30 June 2015 shows these figures: Additional information 1 Inventory on 30 June 2015 was valued at $29400. 2 Depreciation is to be charged as follows: Warehouse buildings Motor vehicles Office equipment 4% using straight line method 25% using straight line method 70,000+2%,17,500 10% using reducing balance method. (25,0001,500)+10)=2,350 3 The provision for doubtful debts is to be maintained at 5% of the trade receivables. 4 An irrecoverable debt of $200 should be written off. (5020200)5%=241 5 The directors have decided to transfer $25000 to the general reserve. 6 The directors have proposed a final dividend of $0.07 per share. 7 The debentures were issued in 2011. 8 The motor vehicles were used by the sales team