Beta Corp has a trading profit for the year ended 31 December 2023, before dealing with the following items, of $70,000. You are to complete the profit and loss account and appropriation account.

Item	Details
a	The standard rate of income tax is 30%.
b	Beta Corp had $60,000 of 6% debentures. It sent cheques for debenture interest for the year less income tax, on 31 December 2023.
c	Beta Corp had bought $25,000 of 8% debentures in another company. It received a year's interest, less income tax, on 30 December 2023.
d	No cheque has been paid to the Inland Revenue for income tax.
e	Beta Corp had bought 25,000 ordinary shares of $1 each in Gamma Ltd. Gamma Ltd paid a dividend to Beta Corp of 22% on 30 November 2023. Gamma Ltd is a 'related company'.
f	Beta Corp had a liability for corporation tax, based on profits for 2023, of $35,000.
g	Beta Corp proposed a dividend of 28% on its 90,000 ordinary shares of $1 each, out of the profits for 2023.
h	Transfer $7,000 to general reserve.
i	Unappropriated profits brought forward from last year amounted to $10,000.

Requirement: Complete the profit and loss account and appropriation account for Beta Corp and prepare the cash flow statement.