Assigment Three, QUESTION THREE The following information was extracted from the books of DADABA Ghana Ltd for the year ended 31st December 2018 Statement of Comprehensive Income for the year ended 31st December 2018 GHC Sales 200,000 Cost of sales (120,000) Gross Profit 80,000 Selling, General and Administration Expenses (15,000) Operating Profit 65,000 Other Income 10,000 Profit before interest and tax 75,000 Finance Cost (9,000) Profit before tax 66,000 Tax Expenses (13,200) Profit after tax 52,800 Statement of Financial Position as at 31st December 2018 Non-Current Assets Property Plant and Equipment 620,000 Investment Property 400,000 Biological Asset 360,000 Investment 240,000 1,620,000 Current Asset Inventory 140,000 Debtors 100,000 Cash at Bank 90,000 Cash in Hand 50,000 380,000 Total Assets 2,000,000 Equity and Liabilities Equity: Equity Share Capital 840,000 Retained Earnings 500,000 1,340,000 Current Liabilities Trade Creditors 100,000 Tax Payable 60,000 160,000 Non-current liabilities 20% Debentures 260,000 15% Loan Notes 240,000 500,000 Total Equity and Liabilities 2,000,000.

Required:Prepare a common size statement comprehensive income and statement of financial position as at 31st December 2018