16.19 Preparation of a statement of financial position, statement of profit or loss and other comprehensive income and statement of changes in equity * * * LO3, 4, 5 The summarised general ledger trial balance of Jacob Lid, a manufacturing company, for the year ended 30 June 2019 is detailed below. Dr Cr Sales of goods $4 469 000 Interest income 6 000 Cost of sales $2 987 000 Distribution expenses 86 000 Sales and marketing expenses 820 000 Administration expenses 252 000 Interest expense 44 000 Other borrowing expenses 4000 Income tax expense 85 000 Cash on hand 4 000 Cash on deposit, at call 100 000 Trade debtors 450 000 Allowance for doubtful debts 14000 Other debtors 93 000 Raw materials inventories 188 000 Finished goods inventories 714 000 Financial assets recognised at fair value through other comprehensive income 225 000 Land and buildings 257 000 Accumulated depreciation - buildings 36 000 Plant and equipment 1 260 000 Accumulated depreciation - plant and equipment 564 000 Patents 48 000 Amortisation of patent 3000 Goodwill 870 000 Bank loans 66 000 Other loans 570 000 Trade creditors 510 000 Provision for employee benefits 93 000 Warranty provision 37 000 Current tax payable 25 000 Deferred tax liability 135 000 Retained earnings, 30 June 2018 326 000 Dividends paid 150 000 Land revaluation surplus 50 000 Financial assets revaluation surplus 42 000 Share capital 1 691 000 $8 637 000 $8 637 000 Additional information . Shares were issued during 2019 for $120 000. . Share capital was $1 541 000 at 30 June 2018. . Of the $150 000 dividend, $30 000 was reinvested as part of a dividend reinvestment plan. . The balances of the land revaluation surplus and the financial assets revaluation surplus at 30 June 2018 were $15 000 credit and $35 000 credit respectively. Both the land revaluation surplus and financial assets surplus may be reclassified subsequently to profit or loss. . The following revaluations were recognised during the year ended 30 June 2019: land revalued upward by $50000 (related income tax $15000) and financial assets revalued upward by $10 000 (related income tax $3000). . The financial assets are held as part of a long-term investment strategy. $30 000 of bank loans is repayable within 1 year.. $110 000 of other loans is repayable within 1 year. . The provision for employee benefits includes $62 000 payable within 1 year. . The warranty provision is in respect of a 12-month warranty given on certain goods sold. . Jacob Ltd uses the single statement format for the statement of profit or loss and other comprehensive income and classifies expenses by function within the statement. Required Prepare the statement of financial position, statement of profit or loss and other comprehensive income and statement of changes in equity of Jacob Lid for the year ended 30 June 2019 in accordance with the requirements of AASB 101/IAS 1. using statement captions that a listed company is likely to use