Dear Sir/Madam,

could you please solve this question, i just want to cross check if my answers are right

16. The following information is the preliminary trial balance of Griffin Ltd for year endina of 31st of naremher 3031 . You are given the following information: 1. Closing inventonies was 24,000,000 on the 31st of December 2021. i1. Corporation tax is 25% for the year, half due now and should be paid in cash and hall doe in April 2022. iii. Ungaid invoices for cartinge inwards sor E80.000 wete found at the yearend. iv. E10,000,000 of purchased patents included in Intangible Assets need to be written off, as the technology they represented has become obsolete. v. On 20-January 2022 the company has received an electricity bill for the perod November-December 2021 for an amourt of 100,000 v. Depreciation (all based on reducing balance): a) Otfce Equipment - 25\% b) Bulding Machinefy - 20\%\% c) Construction Vehicles 12% Vi. C8, 000,000 of the trade receivatile fopure is considered unrecoverable and should be written-ofl as bad debts. viit. Divends were distributed to shareholders during the financlal year to a value of 5.000.000 in 6ash. ix. A 1 for 3 bonus issue was given to shareholders. The bonus issue should be made using a tevenue reserve. E Universey of London 2022 Page 3 of 12 Required (a) Prepare the Stikiament of Financial Postion, the hicome Stalement asd the Staienent of Changes in Equity for the yeer ensed 31 Decenter 2021 for the diection. (24 maria) to minforve your decuavicen (4 marks) (Tetal 70 marks) 16. The following information is the preliminary trial balance of Griffin Ltd for year anvinu of a1st if naramhar 3n1. i. Closing inventories was 24,000,000 on the 31st of December 2021 . ii. Corporation tax is 25% for the year, haif due now and should be paid in cash and half due in April 2022. iii. Unpaid invoices for carriage inwards for fBO,000 were found at the year-end. iv. 10,000,000 of purchased patents included in Intangible Assets need to be written off, as the technology they represented has become obsolete. v. On 20 January 2022 the company has received an electricity bill for the period November-December 2021 for an amount of ,100,000. vi. Depreciation (all based on reducing balance): a) Office Equipment - 25% b) Building Machinery-20\% C) Construction Vehicles - 12% vii. 28,000,000 of the trade receivable figure is considered unrecoverable and should be written-off as bad debts. viii. Dividends were distributed to shareholders during the financial year to a value of E,000,000 in casth. lx. A 1 for 3 bonus issue was given to sharehoiders. The bonus issue should be made using a revenue reserve. Page 3 of 12 - University of London 2022 Required: (a) Prepare the Statement of Financial Position, the Income Statement and the Statement of Changes in Equity for the year ended 31 December 2021 for the directors. 16. The following information is the preliminary trial balance of Griffin Ltd for year endina of 31st of naremher 3031 . You are given the following information: 1. Closing inventonies was 24,000,000 on the 31st of December 2021. i1. Corporation tax is 25% for the year, half due now and should be paid in cash and hall doe in April 2022. iii. Ungaid invoices for cartinge inwards sor E80.000 wete found at the yearend. iv. E10,000,000 of purchased patents included in Intangible Assets need to be written off, as the technology they represented has become obsolete. v. On 20-January 2022 the company has received an electricity bill for the perod November-December 2021 for an amourt of 100,000 v. Depreciation (all based on reducing balance): a) Otfce Equipment - 25\% b) Bulding Machinefy - 20\%\% c) Construction Vehicles 12% Vi. C8, 000,000 of the trade receivatile fopure is considered unrecoverable and should be written-ofl as bad debts. viit. Divends were distributed to shareholders during the financlal year to a value of 5.000.000 in 6ash. ix. A 1 for 3 bonus issue was given to shareholders. The bonus issue should be made using a tevenue reserve. E Universey of London 2022 Page 3 of 12 Required (a) Prepare the Stikiament of Financial Postion, the hicome Stalement asd the Staienent of Changes in Equity for the yeer ensed 31 Decenter 2021 for the diection. (24 maria) to minforve your decuavicen (4 marks) (Tetal 70 marks) 16. The following information is the preliminary trial balance of Griffin Ltd for year anvinu of a1st if naramhar 3n1. i. Closing inventories was 24,000,000 on the 31st of December 2021 . ii. Corporation tax is 25% for the year, haif due now and should be paid in cash and half due in April 2022. iii. Unpaid invoices for carriage inwards for fBO,000 were found at the year-end. iv. 10,000,000 of purchased patents included in Intangible Assets need to be written off, as the technology they represented has become obsolete. v. On 20 January 2022 the company has received an electricity bill for the period November-December 2021 for an amount of ,100,000. vi. Depreciation (all based on reducing balance): a) Office Equipment - 25% b) Building Machinery-20\% C) Construction Vehicles - 12% vii. 28,000,000 of the trade receivable figure is considered unrecoverable and should be written-off as bad debts. viii. Dividends were distributed to shareholders during the financial year to a value of E,000,000 in casth. lx. A 1 for 3 bonus issue was given to sharehoiders. The bonus issue should be made using a revenue reserve. Page 3 of 12 - University of London 2022 Required: (a) Prepare the Statement of Financial Position, the Income Statement and the Statement of Changes in Equity for the year ended 31 December 2021 for the directors