Additional information: 1. Account ables include irrecoverable debts of $320,000, which is to be written off. An allowance for receivables should then be created, representing 4% of the account receival aining after the irrecoverable debt has been written off. required. 3. The company's depreciation policy is as follows: Building - 4% per annum using the straight-line method Plant and equipment 20% per annum using the reducing balance method Vehicles - 25% per annum using the straight-line method No depreciation is required for the land. A full year's depreciation is charged in the year of purchase, and no depreciationis charged in the year of disposal. 4. Inventory is value at $4,760,000 as at 31 December 2021 . to this disposal. These vehicles had initially cost $1,760,000 when they were purchased on 1 May 2015 . The net book value was $440,000 at the date disposal. Required: a. Prepare the Income Statement of Afsona Company for the year ended 31 December 2021. (8 marks) b. Prepare the Statement of Financial Position of Afsona Company as at 31 December2021. (8 marks) C. Critically discuss six reasons for good corporate governance in Afsona Company. (18 marks) (Total 34 marks)