complying as far as possible with IAS1

3 question (40 marks). Additional information: (1) Depreciation charges for the year are to be calculated as 10% on carrying amount and are to be included in administrative expenses. (2) A final dividend of $0.50 per share was declared on 31 March 2020. (3) There were no disposals of any non-current assets during the year. Land was revalued at 31 December 2019 to $150,000. No entries have yet been made to record this. (4) Insurance for delivery vehicles is to be accrued as $10,000. (5) Bonus for administration director for 2019 is evaluated as 1.5% of gross profit Required: Prepare Alfa's statement of financial position as at 31 December 2019