Bell Ltd is a manufacturing company. The company operates mainly in Singapore and its neighbouring region. Provided below is the trial balance as at 30th June 2021:

The following notes are relevant: i) Land of $2 million is included in the cost of land and buildings. ii) The companys depreciation policy is as follows: Buildings 2% straight line Factory machinery 25% reducing balance Vehicles (for distribution) 20% straight line Land Nil depreciation iii) To provide $300,000 taxation expense for the year to 30 June 2021. iv) Unpaid interest has not been accounted for. v) Included in trade receivables is an amount of $125,000 owing by a customer who has been declared bankrupt. vi) Inventory as at 30th June 2021 was $437,500. vii) Audit fees of $12,500 have not been included in the above balances. REQUIRED Prepare Bell Ltds income statement for the year ended 30th June 2021 and its statement of financial position as at that date suitable for publication in compliance with the relevant international accounting standards. Clearly show your workings.