3. Tommy ple is a Trading company. The following is its trial balance as at 31 December 20X0. Dr SONO CISOKI 100 30 26 145 76 Ordinary share capital: El shares Share premium General reserve Retained eamings as at 1 January 20X0 Inventory as at 1 January 20X0 Sales Purchases Administrative costs Distribution costs Plant and machinety-cost 060 490 10 6 240 49 25 Plant and machinery - provision for depreciation Returns outwards Returns inwards Carriage inwards Warehouse wages Salesmen's salaries Administrative wages and salaries Hire of motor vehicles Directors' remuneration Rent income Trade receivables Cash at bank Trade payables 27 9 105 60 50 29 30 9 306 62 S6 The following additional information is supplied: (1) Depreciate plant and machinery 30% on straight-line basis. (ii) Inventory at 31 December 20X0 is 90,000. (ii) Accrue auditors' remuneration 3,000. (iv) Income tax for the year will be 30,000 payable October 20X1. () It is estimated that 6/10 of the plant and machinery is used in connection with distribution, with the remainder for administration. The motor vehicle costs should be allocated to distribution Required: Prepare a statement of income and statement of financial position in a form that complies with IAS (mark: 2)