Equity shares of 1 each, fully paid 5% preference shares of 1 each, fully paid 8% debentures Share premium Revaluation reserve General reserve Retained profit from previous years Motor vehicles at revaluation Depreciation on vehicles Inventories Trade receivables Trade payables Allowance for irrecoverable receivables Bank balance Purchases Sales revenue Wages and salaries General expenses Directors' remuneration Preliminary expenses Debenture interest Equity dividend paid (interim) 210,000 14,167 11,000 9,731 186,000 16,362 3,912 15,500 1,640 1,200 2,000 471,512 100,000 20,000 30,000 9,500 10,000 2,000 976 19,000 8,012 324 271,700 Page 1 of 4 471,512

rege dull \begin{tabular}{|l|} \hline \\ \hline Additional information: \\ \hline Inventory at 31 March 2019 is valued at 23,487. \\ \hline \begin{tabular}{l} Depreciation of motor vehicles is to be provided at the rate of 10 per cent per annum on the fixed \\ instaiment method (straight-line method). \end{tabular} \\ \hline \begin{tabular}{l} The allowance for irrecoverable receivables is to be made equal to 5 per cent of the trade \\ receivables at 31 March 2019. \end{tabular} \\ \hline \begin{tabular}{l} Debenture interest of f1,200 \\ 2019. \end{tabular} \\ \hline \begin{tabular}{l} Provision is to be made for taxation on the year's profit amounting to 9,700. There is a proposed \\ final equity dividend of 5p per share. \end{tabular} \\ \hline The directors have decided to increase the general reserve by a further 3,0000 are outstanding at March \\ \hline Required: \\ \hline Prepare, for publication with notes: \\ \hline \end{tabular} a. The statement of profit or loss for the year ended 31 March 2019 b. Statement of changes in equity for the year ended 31 March 2019 c. Statement of financial position as at 31 March 2019