b) The trial balance for Manchester PLC as at 31 December 2021 is as follows: 000 000 Issued Share Capital (1) 16,500 Share Premium 750 Retained Earnings 57,500 10% long-term loan (2027) 63,250 Bank overdraft 6,325 Trade payables 30,650 Depreciation - buildings 2,300 Depreciation equipment 3,450 Depreciation - Vehicles 9,200 Freehold land Freehold buildings Equipment Motor vehicles Inventory at 1 January 2021 Trade receivables Cash in hand Purchases Bank interest Dividends Interest on loan Insurance Salaries and wages Motor expenses Taxation that was under provided Light, power, miscellaneous Sales 57,500 57,500 14,950 20,700 43,125 28,750 4,600 258,750 1,150 1,725 6,325 5,290 3 20,355 9,200 750 4,255 534,925 345,000 534,925 The following information relating to accruals and prepayments has not yet been taken into account in the amounts shown in the trial balance: I. Inventory valued at cost at 31 December 2021 was 25,875,000. II. Depreciation is to be provided as follows: 2% on freehold buildings using the straight-line method; 10% on equipment using the reducing balance method; . 25% on motor vehicles using the reducing balance method. III. 2,300,000 was prepaid for light, power and miscellaneous expenses and 5,175,000 has accrued for wages. IV. Freehold land was revalued on 31 December 2021 at 77,500,000, resulting in a gain of 20,000,000. V. Assume income tax at 20% of pre-tax profit. VI. 1,500 1 shares had been issued on 1 January 2021 at a premium of 50c each. Required: Show necessary workings for the year-end adjustments, and, draft the statement of Comprehensive Income of Manchester PLC for the year end 31 December 2021