Flower Hotel Ltd has authorized and issued share capital of $400,000. The following trial balance was extracted from the books of the company at the close of business on 31 December 2017. Share capital (1 Jan 2017) Retained earnings (1 Jan 2017) Interim dividend paid Furniture and equipment, at cost Accumulated depreciation - Furniture and equipment (1 Jan 2017) Accumulated depreciation - Motor vehicles (1 Jan 2017) Motor vehicles, at cost Accounts receivable and payable Provision for doubtful debts (1 Jan 2017) 10% debentures 2019 Cash at bank Purchases and sales Sales returns and purchases returns Salaries General expenses Debenture interest, half year to 30 June 2017 Insurance Bad debts Inventory (1 Jan 2017) Additional information: Dr. $000 Cr. $000 400 34 26 360 88 60 30 140 158 64 5 120 176 654 1,101 14 12 144 78 6 10 4 56 1,826 1,826 (1) Inventory at 31 December 2017 was valued at $58,000. (2) At 31 December 2017, salaries due but not yet recorded amounted to $4,000 and insurance paid in advance amounted to $5,000. (3) Depreciation: furniture and equipment at 20% on cost; motor vehicles at 20% on reducing balance basis. (4) The provision for doubtful debts is to be revised to 4% of accounts receivable at 31 December 2017. The reported figure for accounts receivable at 31 December 2017 includes a debt of $8,000 now considered to be irrecoverable. (5) Half-year debenture interest has remained unpaid at 31 December 2017. (6) A directors' fee amounted to $20,000 is to be provided for the year ended 31 December 2017. (7) Taxation of $23,000 is to be provided on the profit of the year. (8) At 31 December 2017, the directors declared a final dividend amounted to 14% of share capital issued. Required: (a) Draw up the Income Statement for the year ended 31 December 2017. (b) Draw up the Statement of Changes in Equity for the year ended 31 December 2017. (c) Draw up the Statement of Financial Position as at 31 December 2017