a) Covid Company Limited purchased a machine on 1 April 2020 incurring the following costs: Shs '000' Supplier's list price 24,000 Trade discount @ 15% on list price (3,600) Delivery costs 400 Installation costs 1,200 Professional costs 600 22,600 Additional information: (i) The useful life of the asset was 10 years with residual value of Shs. 2,600. (ii) The company applies revaluation model; on 1 April 2021 the machine was revalued at Shs. 26,000; the residual value changed to Shs. 4,400; there was no change on the economic useful life of the machine i.e. the remaining economic useful life on 1 April 2021 was nine years. (iii) Ignore the effect of deferred tax on revaluation; secondly the company does not transfer the revaluation surplus. (iv) The financial year of the company ends on 31 March every year. Required: Present the financial statement extracts for Covid Company Limited for the year ending 31 March 2021 and 2022. (10 marks)