10, The Dinlox Corp. has produced the following trial balance as at December 31, 2011: Additional information: a. Fixtures and fittings are to be depreciated at 10% on the reducing balance basis and motor van at 10% on cost. Depreciation is shared equally between administrative expenses and selling and distribution costs b. The total preference share dividend will be honoured c. Corporation tax is estimated at $80,000 d. Transfer $30,000 to the general reserves Required: Prepare the following financial statements for the year: i. Statement of profit or loss ii. Statement of changes in equity iii. Statement of financial position