Ezekiel Limited list of balances on March $31,2017$:

$$\text{'}000$

Sales $3,375,000$

Cost of sales $1,876,750$

Other operating income $22,500$

Distribution costs $300,250$

Administrative costs $725,500$

Other operating costs $129,000$

Property, plant and equipment $($net$)225,000$

Long term receivables $180,200$

Closing stock $71,000$

Trade debtors $643,750$

Cash and bank $266,250$

Trade creditors $15,000$

Rent Accrued $55,200$

$10\%$ Long Term Loan $200,000$

Ordinary Share Capital $($$$1\mathrm{.}00$ par value$)625,000$

$20\%$ Cumulative Preference Share Capital $71,500$

General reserves $29,000$

Retained profits April $1,201687,000$

Preference dividends paid $14,300$

Ordinary dividends paid $48,200$

Additional information:

$1.$ Transfer $$10,500,000$ to General reserves.

$2.$ On March $31,2017$ Ezekiel Ltd issued $5,000,000$ shares $$1$ nominal value for $$3\mathrm{.}60$ each.

$3.$ Four motor vehicles with a net book value of $$23,200,000$ was sold for $$30,000,000$ on

March $31,2017.$ The buyer made a direct transfer in full to Ezekiel Limited$$s bank

account. This transaction is not yet reflected in the accounts.

$4.$ Corporation tax is estimated at $$33,900,000$ for the financial year ended March $31,2017.$

This information is not yet reflected in the accounts.

$5.$ Legal fees for the financial year ended March $31,2017$ amounted to $$18,800,000.$ This

amount is unpaid and is not yet reflected in the accounts. Legal fees should be classified

under administrative costs.

$6.$ The company received a $10\%$ long term loan of $$500,000,000$ on $1$ April $2013.$ On March

$31$ each year $$100,000,000$ is paid on the principal portion of the loan with interest due

on March $31$ each year. Interest is calculated on a reducing balance method. For financial

year March $31,2017$ the transactions related to the loans are not yet reflected in the

accounts

No loan payment was outstanding on March $31,2017.$ No interest payment was outstanding on

April $1,2016.$

$7.$ Distribution costs prepaid on March $31,2017$ amounted to $$2,200,000.$ The prepayment

is not yet reflected in the accounts.

$8.$ The current portion of the long$-$term receivable amounted to $$20,000,000$ on March $31,$

$2017.$

$9.$ Weighted average number of ordinary shares for the year was $625,000.$

Required:

$1.$ Prepare the Statement of Comprehensive Income for the year ended March

$31,2017.$

$2.$ Prepare the Statement of Changes in Equity for the year ended March $31,$

$2017$

$3.$ Prepare the Statement of Financial Position as at March $31,2017.$ The

format should reflect total asset