A. Prepare the statement of comprehensive Income for the year ending 31 March 2015 from the trial balance below. B. Prepare the statement of Changes in equity for the year ending 31 March 2015.

Include appropriate notes and disclosures.

Administrative Expenses 185000

Share Capital ($1 Ordinary Shares) 200000

10% Debentures 50000

Cash & Cash equivalents 15000

Distribution Costs 240000

Land & Buildings at cost 210000

Provision for Department Buildings 48000

Plants & machinery at cost 125000

Provision for depreciations: Plant 75000

Retained earnings 300000

General Reserves 50000

Purchases 470000

Sales Revenue 1300000

Inventories (at 1 April 2014) 150000

Trade Paybales 150000

Trades Receivables 623000

Debentured Interest 5000

Dividends Paid 100000

Total on both Debit and Credit Side: 2123000 2123000

Additional Information .

I. Closing inventories are valued at $250,000

ii. Tax for the year is $135 000

iii. Depreciation of non-current assets is to be provided as follows: Buildings 5% on cost Plant & Machinery 20% on the reducing balance method.

iv. The depreciation charges for the year to 31 March 2015 are to be apportioned as follows.

Cost of sales 60% Distribution cost 20% Administrative expenses 20%

v. $20000 is to be transferred to General reserves. Vi. A final dividend of 50000 was proposed .

Course name is : Financial Accounting II Due Date: 22/01/22 Eastern Standard Time 7pm