At 31.12.21, the 'after all transactions' trial balance of Adolf's Company is as follows: Dr Cr Bank 1,400 Trade receivables 9,800 Trade payables 4,450 Share capital 500 Share premium 1,500 Retained profits at 01.01.20 1,000 Electricity 2,900 Rent 4,500 Wages 10,600 Sales 109,000 Purchases/COGS 55,700 Inventory 20,650 General expenses 10,900 Additional information: 1. Inventory at 12.21 cost 18,600. However, items costing in total 500 are damaged and will be sold for 100. 2. Rent paid for the year ending 03.22 is expected to be 4,000. 3. Electricity has been paid up to 11.21. Electricity for the quarter (i.e. three months) to 28.02.22 is expected to be 1,200. 4. Corporation tax of 4,200 on the profits for the year is to be provided. Sales Purchases/COGS Inventory General expenses Additional information: 109,000 55,700 20,650 10,900 1. Inventory at 12.21 cost 18,600. However, items costing in total 500 are damaged and will be sold for 100. 2. Rent paid for the year ending 03.22 is expected to be 4,000. 3. Electricity has been paid up to 11.21. Electricity for the quarter (i.e. three months) to 28.02.22 is expected to be 1,200. 4. Corporation tax of 4,200 on the profits for the year is to be provided. Required: Produce an income statement, a statement of movements in equity and a statement of financial position for the year ended 31.12.21. [40]