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EXERCISE - 3 The trial balance below relates to Kelewele Limited for the year ended 31A December, 2016 . Additional information: 1. Closing inventory is

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EXERCISE - 3 The trial balance below relates to Kelewele Limited for the year ended 31A December, 2016 . Additional information: 1. Closing inventory is Gheso0,000 2. Closing provision for Bad debts to Ghe $0,000. 3. Provision for depreciation is roducing balance method: 15\% on Motor vchicle and 20 on oquipment it is 20% 4. Dividend proposed for the year is Ghes00,000. 5. Corporate tax is at the rate of 25 ti. Realuired: (a) To prepare the Statement of Comprehensive Income for the year ended 31a December 2016 for Kelewele Limited. (b) To prepare the Statement of changes in cquity as at ycar end 31 " December 2016 (c) Prepare the statement of financial position of Kelewele Limited as at 31a December, 2016

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