Enzo Ltd is an agro processing company, whose Head office is in Lusaka. The trial balance of the company for the year ended $31$ December $2021$ is as follows: DebitCredit K$000$K$000$RevenueNote $($i$)2,634,750$Cost of sales $1,856,830$ Administrative expensesNote $($iii$)405,000$ Other operating expenses $273,750$ Non$-$current assetsNote $($ii$)241,620$ Inventory $(31/12/2021)173,700$ Trade & Other receivables $177,750$ Trade payables $131,838$Cash & Bank balances $823,050$ Share Capital@K$1$Note $($iii$)900,000$Retained earnings $170,550$Revaluation surplusNote $($ii$)98,000$Provision for taxNote $($iv$)588$ Deferred tax$-31/12/2020$Note $($iv$)-17,1503,952,2883,952,288$ Additional Information: i$.)$ Included in the revenue figure is sales made on special arrangement, payable by customers in two years time at an amount of K$16\mathrm{.}8$ million. The cash price of the sales at the date of the sales $($i$.$e $1$ January $2021)$ is estimated at K$15$ million and the effective interest rate of the arrangement has been computed as $5\mathrm{.}83\%$ per annum. ii$.)$ Non$-$current assets are made up of the following classes of assets: $`$Cost$/$valueAccumulatedCarrying Depreciation atValue at $3131$ December $2020$December $2020$ K $000$K$000$K$000$Building $($Land: K$80$million$)198,000-198,000$Motor vehicles$41,70016,68025,020$Machinery & equipment$20,4001,80018,600260,10018,480241,620$ The company revalues its buildings at a time interval sufficient to keep the carrying value close to its fair value on the market. The buildings were revalued at $31$ December $2020$ at K$198$ million $($Land component: K$80$ million$).$ The revaluation surplus shown in the trial balance represents the revaluation difference arising on the revaluation of buildings at$31$ December $2020.$ All buildings were completed for use on $1$ January $2011.$The companys buildings are administrative offices and production centres. The estimated useful life of the companys buildings is $50$ years. The company relocated from one of its administrative offices, and consequently sold the building for K$27\mathrm{.}6$ million, on $1$ April $2021.$ The revaluation amount and the revaluation surplus on this building at $31$ December $2020$ were K$25$ million $($Land component: K$5$ million$)$ and K$8$ million respectively. The remaining Land and Buildings were revalued on $31$ December $2021$ at K$169\mathrm{.}35$ million $($Land component: K$85$ million$).$ It is the policy of the company to realize revaluation surplus only upon derecognition of the non$-$current asset. The disposal of the building and the current year revaluation of the remaining buildings are yet to be recorded in the books of the company. The consideration for the disposal of the building was received in the first week of January $2022.$ There were no other changes in the value of property, plant and equipment for the year ended $31$ December $2021.$ The trial balance excludes depreciation expense for the year ended $31$ December $2021$ on all non$-$current assets. Depreciation is charged to cost of sales. Motor vehicles, Machinery & equipment are all depreciated over five$-$years useful life. iii.$)$ In lieu of cash dividend payment, the company on $1$ January $2021$ issued bonus shares of one new share for every ten existing shares held at the agreed price of K$1,$ subject to $8\%$ withholding tax on capitalisation of dividend. The $8\%$ tax withheld has been paid by the company, and it is included in administrative expenses. The bonus shares are yet to be recorded. The bonus shares are in respect of the year ended $31$ December $2020.$ The Board of Directors of the company has, however, immediately after $31$ December $2021,$ proposed dividend of K$0\mathrm{.}80$ per share in respect of the year ended $31$ December $2021.$ Shareholders are yet to approve the proposed dividend. iv$.)$ Provision for tax represents the under$/$over provision of tax by the company, arising from differences in the tax provided for the year ended $31$ December $2020$ and the actual tax liability arising from tax audit for the $2020$ year of assessment. Current tax for the year ended $31$ December $2021$ is estimated at K$16\mathrm{.}7$ million. Taxable temporary differences arising from differences in carrying amounts of assets and liability as against their tax bases, as at $31$ December $2021$ have been computed as K$60$ million. Corporation tax is $25\%.$ Required:i$.$ Prepare the following financial statements of Enzo Ltd for the year ended $31$ December $2021$:ii$.$ Statement of profit or loss and other comprehensive incomeiii. Statement of changes in equityiv. Statement of financial position as at that date.