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38.2x Blake Ltd has an authorised share capital of 90,000 ordinary shares of each and 10.000 10% preference shares of each. The company's trial balance,

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38.2x Blake Ltd has an authorised share capital of 90,000 ordinary shares of each and 10.000 10% preference shares of each. The company's trial balance, extracted after one year of trading was as follows on 31 December 2017 Net profit for the year to 31 December 2017 Dubentures issued ordinary share capital. Fully paid Issued preference share capital, fully paid Accounts payable Accounts receivable Cash Inventory Provision for doubtfuldebts Provision for depreciation Equipment Equipment at cost Premises at cost Bank luse the balancing figurel 11.360 30,000 80,000 10,000 3.550 4.120 2,160 8.900 350 4500 45.000 50.000 The directors decide to transfer $1,500 to the general reserve and to recommend a dividend of 12.5% on the ordinary shares. The preference dividend was not paid until after January 2018 You are required to lal draw up the appropriation account for the year ended 31 December 2017 [b] draft a statement of financial position as at 31 December 2017

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