Financial accounting

Additional information, a. The issued share capital was 12,600,000 shares at $1 each as on 1 April 2021 . At the end of the year, another S.400 pe0 sizeres acre issued at $3.00 each but has not yet been accounted for. b. The inventories worth of $13,147,000 was in stock as on 31 March 2022 . c. Accrual does not include the administrative expenses outstanding of $157,000 d. Six months interest also still outstanding: e. Tax for the year was $2,106,000. Required, (12 mans) b. Draft the statement of financial position of Paimtree investment for the year ended 31 March 2022 (13 marks) You ate working as Senier actountant in Palmutree investment Ltd. The eompany follow manual accounting systemi Your accounting team has already processed all the transactions and prepared the following Trial balance for the year ended 31 March 2022 . The General Manager Additional information; a. The issued share capitat was 12,600,000 shares at $1 each as on 1 Aprit 2021. At the end of the vear, another 5,400,000 shares were issued at $3.00 each but has not yet been accounted for. b. The inventorier worth of $13,147,000 was in stock as on 31 March 2022 . c. Accrial does not include the administrative expenses outstandine of $157,000 d. Six month interest also still autstanding. E. Tax for the year was 52,106,000. Required. a. Prepare Statement of income and other comprehensive income of Palmitree Investment for the year ending 31 March 2022. (12 marks) b. Oraft the statement of financial position of Palmtree investment for the year ended 31 March 2022 . (13 marks)