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Dont worry about preparing the financial statements. Please create a table using the format shown in the third image to show how each adjustment impacts

Dont worry about preparing the financial statements. Please create a table using the format shown in the third image to show how each adjustment impacts the different financial categories. Thanks! image text in transcribed
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open Assignment 3 here Problem 1. The following balances were extracted from the accounting records of Arlington SA as at 31 December 20X16 100 000 Ordinary shares 10% Preference shares 12% Debenture ( Long-term debt) Premises Motor vehicles (gross cost 648 000) 100 000 50000 50000 130 000 36000 Administration expenses Distribution costs Sales Trade receiv ables Trade payables Inventory at I January 20XI Bank balance (asset) Investments (at cost) Reserves Debenture interest Preference dividend Ordinary dividend 219 700 73 200 102 600 476 900 39 250 23 600 21250 70 420 45 800 48 220 3 000 2 500 5 000 Task Prenare the statement of profit&loss and a statement of financial nosition for

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