Can I get a step-by-step calculation of the past paper question, please?

Zumix Ltd bought a new machine on January 1, 2020 for a total of $33 million. The machine is expected to be functional for twelve years and is depreciated on a straight line basis. Said asset qualifies for capital allowances at a rate of 12.5% annually on a straight line basis in accordance with the local tax legislation. Additionally, during 2021, the company made a provision amounting to $11.8 million for an ongoing lawsuit as the company is highly likely to be found guilty of the offence in question. The aforementioned amount is not deemed an allowable deduction by the tax authorities for the 2021 year of assessment. Local tax rates currently stand at 25% Required: - Calculate the annual depreciation charge and the annual capital allowance on the machine. - With reference to the tax effect of the machine, determine the company's total deferred tax balance for the year ending December 31,2020 . - With reference to the tax effects of both the machine and the provision, determine the company's total deferred tax balance for the year ending December 31, 2021 . - Assuming there was no opening deferred tax balance for 2021, explain how the figure derived for part (b) would be accounted for in the statement of profit or loss and the statement of financial position for the 2021 financial year. 3. Fraud In September 2016 , the directors of Dublin Ine discovered a fraud. In total, 57 million, which had been included as receivables in the above trial balance, had been stolen by an employee. $5 million of this related to the year ended December 31,2016 , and the remainder to prior years. The directors do not expect that any amount will be recovered. Ignore taxation. 4. Income Tax The directors estimate a provision for income tax for the year ended December 31, 2016 of $11.4 million is required. The balance on current tax in the trial balance represents the under provision of the tax liability for the year ended December 31, 2016. At 31 December 2016 , Dublin Inc had taxable temporary differences of $18.5 million requiring a provision for deferred tax. Any deferred tax movement should be reported in profit or loss. The income tax rate applicable to Dublin Inc 20% 5. Bonus Issue On October 1, 2016 Dublin Ine made a bonus issue of 1 share for every 5 already held, capitalising its share premium account. This was not recorded in the company's accounts. 6. Dividend Dublin Ine paid a dividend of $0.10 per share on December 31, 2016, but this was not accounted for in the company's books. Required Based on Intemational Financial Reporting Standards (IFRS): [A] Prepare the statement of profit or loss and other comprehensive income for Dublin Inc for the year ended December 31, 2016. (12 marks) [B] Prepare the statement of changes in equity for Dublin Ine for the year ended December 31 , 2016. (5 marks) [ C Prepare the statement of financial position of Dublin Inc as at December 31,2016 . (8 marks) Notes to the financial statements are not required. Work to the nearest $1,000. [25 marks Total] Twafruetban: Nmater A1.1. Wrafestees. Notes 1. Properoy. Plant and Equpment Dublin Ine treats depreciation of property, piant and equipment as a cost of sale. Depreciation: rates as per the company's accoanting policy note are as follows: Buildings Straight finc over 50 years "Plant and cquipment 2016 ruducittg baltince No depreciation was charged for the year cndod December 31,2016 . On Decenber 31,2016 , the company revalued its land $17 million and baildings to $6? million. The company follows the revaluation model of LA 16 for its lend and buildings, but no rovaluations had previouty been necessary. The company wishes to treat the revaluation surplus as being realised on disposal of the asscts. Igoore tuxation 2. Irtangiole Astefs Dublin Ine treats arrortisation of intangible asscts as an administrative expense. The copyright was acquircd on Jontary 1, 2016. Both patent and copyright has a usefullife of 10 years. No amortisation was charged for the year ended December 31,2016