(a) The following information relates to Hapa Limited for the year ended 31 December 2019. Additional information: (I) Directors decided to: - Transfer Ksh 400,00 to the general reserve. - Pay an ordinary dividend of Ksh 2 per share. - Write off pre-liminary expenses. (II) Corporation tax is 30%. Prepare: (i) Income statement for the year ended 31 December 2019. (ii) Statement of financial position as at 31 December 2019. (10 marks) (b) On 1 January 2017, Karatt Traders bought a machine for Ksh 4,500,000. The machine had an expected useful life of 4 years. Machines are depreciated using the sum of years digit method. On 31 December 2018, the machine was disposed of for Ksh 1,050,000. For each of the years ending 31 December 2017 and 2018, prepare a: (i) Machinery account; (ii) Provision for accumulated depreciation on machinery account. (iii) Machinery disposal account. 31715000 (10 marks) (a) The following information relates to Hapa Limited for the year ended 31 December 2019. Additional information: (I) Directors decided to: - Transfer Ksh 400,00 to the general reserve. - Pay an ordinary dividend of Ksh 2 per share. - Write off pre-liminary expenses. (II) Corporation tax is 30%. Prepare: (i) Income statement for the year ended 31 December 2019. (ii) Statement of financial position as at 31 December 2019. (10 marks) (b) On 1 January 2017, Karatt Traders bought a machine for Ksh 4,500,000. The machine had an expected useful life of 4 years. Machines are depreciated using the sum of years digit method. On 31 December 2018, the machine was disposed of for Ksh 1,050,000. For each of the years ending 31 December 2017 and 2018, prepare a: (i) Machinery account; (ii) Provision for accumulated depreciation on machinery account. (iii) Machinery disposal account. 31715000 (10 marks)