Additional information Profit for the year was $396.000. Balance of retained earnings at 1 July 2022 was $180,000. During the year $50,000 was transferred from retained earnings to general reserve. A final dividend of 6c per share has been declared by directors and is not subject to shareholders approval.

Required

Prepare the following statements as at 30 June 2023 to comply with AASB 101 (Note: Comparative data is NOT required) (I) Statement of Financial Position (ii) Statement of Changes in Equity

The following details are taken from the accounting records of Mooney Ltd as at 30 June 2023 : \begin{tabular}{lrr} \hline Plant and equipment (net of depreciation) & Debit & Credit \\ \hline Land & 850,000 & \\ \hline Buildings (net of depreciation) & 690,000 & \\ \hline Investments (long-term) & 1,300,000 & \\ \hline Accounts receivable & 540,000 \\ \hline Allowance for impairment of receivables & 380,000 & 24,000 \\ \hline Inventory & & \\ \hline Bank overdraft & 560,000 & 200,000 \\ \hline Accounts payable & & 430,000 \\ \hline Dividend payable & & 200,000 \\ \hline Goodwill (net of impairment) & 250,000 & 1 \\ \hline Share capital (3 000 000 shares). & & 3,000,000 \\ \hline General reserve & & 240,000 \\ \hline Retained earnings & & 346,000 \\ \hline Income tax payable & & 175,000 \\ \hline Other debtors & 45,000 & \\ \hline \end{tabular}