Chrisha is a limited liability company. You have been employed as the Assistant Financial Controller and have been assigned to prepare the year-end financial statements, in particular the Statement of Comprehensive Income. After a detailed discussion with your supervisor, you were presented with the following trial balance as of 31 December 2019: Dr $000 Cr $000 250 Distribution costs Administrative expenses 126 Salaries 1,180 Discounts received 88 Sales 9,427 Property expenses 290 Returns inward 166 Cash 27 Insurance 130 Purchases 6,248 Inventory at 1 January 2018 610 Bank 311 Loan note interest 58 Share premium account 350 Retained earnings at 1 January 2018 875 Allowance for receivables at 1 January 2018 70 Trade payables Trade receivables 507 1,700 7% Loan notes 822 Receivables expense 260 $1 Ordinary shares 2,850 Dividends paid: 200 Final for year ended 31 December 2018 Land at cost 1,295 Buildings at cost 2,640 Motor vehicles at cost 420 21/01 Furniture and equipment at cost 800 Accumulated depreciation at 1 January 2018 625 Buildings Motor vehicles 140 Furniture and equipment 335 16,400 16,400 Further information relating to the company is as follows: i. The insurance includes $10,000 which relates to January 2020. ii. Buildings are depreciated at 5% of the cost. Building depreciation during the year is allocated 50% to distribution costs and 50% to administrative expenses. iii. On 31 December 2019 the buildings were professionally valued at $3,150,000 and the directors wish this valuation to be incorporated into the accounts. iv. Depreciation is to be charged as follows: a. Motor vehicles at 25% of written down value, allocated to distribution costs b. Furniture and equipment at 20% of the cost, allocated to administrative expenses.