16.20 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 Matthew Lid, a manufacturing company, for the year ended 30 June 2019 is detailed below. Dr Cr Sales revenue $5 000 000 Interest income 22 000 Sundry income 25 000 Change in inventories of work in progress $ 125 000 Change in inventories of finished goods 60 000 Raw materials used 2 200 000 Employee benefit expense 950 000 Depreciation expense 226 000 Amortisation - patent 25 000 Rental expense 70 000 Advertising expense 142 000 Insurance expense 45 000 Freight out expense 133 000 Doubtful debts expense 10 000 Interest expense 30 000 Other expenses 8 000 Income tax expense 320 000 Cash 4000 Cash on deposit (at call) 80 000 Trade dehtors 495 000 Allowance for doubtful debts 18 000 Other debtors 27 000 Raw materials inventories, 30 June 2019 320 000 Finished goods inventories, 30 June 2019 385 000 Land 94 000 Buildings 220 000 Accumulated depreciation - land and buildings 52 000 Plant and equipment 1 380 000 Accumulated depreciation - plant and equipment 320 000 Patents 140 000 Accumulated amortisation - patent 50 000 Goodwill 620 000 Bank loans 92 000 Other loans 450 000 Trade creditors 452 000 Provision for employee benefits 120 000 Income tax payable 35 000 Deferred tax liability 140 000 Retained earnings, 30 June 2018 310 000 Dividends paid 210 000 Share capital 1 137 000 Dividends reinvested 41 000 Deferred cash flow hedge (equity) 65 000 $8 324 000 $8 324 000Additional information . $20 000 of bank loans is repayable within 1 year. . $90 000 of other loans is repayable within 1 year. . Matthew Ltd uses the single statement format for the statement of profit or loss and other comprehensive income and presents an analysis of expenses by nature in the statement