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Formatone plc produced the following trial balance as at 3 0 June 2 0 x 6 : 0 0 0 0 0 0 Land at

Formatone plc produced the following trial balance as at 30 June 20x6: 000000Land at cost2,160.0Buildings at cost1,080.0Plant and equipment at cost1,728.0Intangible assets810.0Accumulated depreciation 30.6.20X5 Buildings432.0Plant and equipment504.0Interim dividend paid108.0 Receivables and payables585.0532.8Cash and bank balance41.4Inventory as at 30.6.20X6586.8Taxation14.4Deferred tax37.8Distribution cost529.2Administrative expenses946.8Retained earnings b/f891.0Sales revenue9,480.6Cost of sales5,909.4Ordinary shares of 60 pesewas each2,592.014,484.614,484.6 The following additional information is available:i. A revaluation of the Land and Buildings on 1 July 20X5 resulted in an increase of 3,240,000 in the Land and 972,000 in the buildings. This has not yet been recorded in the books.ii. Plant and equipment are depreciated at 10% using the reducing balance method. Intangible assets are to be written down by 540,000.iii. Buildings have an estimated life of 30 years from the revaluation date.iv. The current tax is estimated at 169,200. There had been an overprovision in the previous year. Deferred tax is to be increased by 27,000.v.150,000 shares were issued and recorded on 1 July 20X5 for 60 pesewas each. A further dividend of 5 pesewas per share has been declared on 30 June 20X6. Required:Prepare for the year ended 30 June 20x6 the statement of comprehensive income, the statement of changes in equity, and the statement of financial position.

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