Grainger plc had the following trial balance at 31 March 2020 Cr RM000 Dr RM000 22,000 20,200 7,100 11,300 4,700 75,000 9,500 1,900 161,000 76,000 2,700 625 Inventory at 1 April 2019 Vehicles at cost Vehicles provision for depreciation at 1 April 2019 Equipment at cost Equipment provision for depreciation at 1 April 2019 Land at cost Buildings at cost Buildings provision for depreciation at 1 April 2019 Sales revenue Purchases Dividend paid Half-year's debenture interest paid Over-provision for taxation in 2018/19 Other production costs Other distribution costs Other administration costs Prepayments Trade receivables Trade payables Accruals Bank 5% debentures 2047 Ordinary shares of 50 sen each Retained earnings at 1 April 2019 800 6,000 19,400 22,000 700 33,300 20,000 1,100 2,500 25,000 30,000 44,625 298,725 298,725 The following additional information is available: i) Inventory at 31 March 2020 was RM18,800,000 ii) Vehicles were purchased during the year for RM1,800,000. iii) In March 2020 equipment which had cost RM550,000 was sold for RM175,000. It had a net book value at the date of sale of RM195,000 and the sale proceeds are to be received in April 2020. No entries have yet been made for this sale. iv) Land is to be revalued upwards by RM60,000,000 on 31 March 2020. v) Depreciation is to be charged for the year to 31 March 2020: 1. Vehicles at 40% on the reducing balance method 2. Equipment at 20% straight line 3. Buildings over 50 years. A full year's depreciation is charged in the year of purchase and none in the year of disposal. vi) The estimated charge for taxation for the year is RM7,500,000. vii) Debenture interest for the second half-year is unpaid and is to be accrued. viii) Vehicles are used for distribution; equipment is used 50% by distribution, 30% by production and 20% by administration. Buildings are used for administration. ix) On 26 March 2020 the board of directors declared an ordinary dividend for the year of 12 sen per share. Required: Prepare, in a format suitable for publication in compliance with MFRS101, a i) Statement of comprehensive income - income statement part only ii) Statement of changes in equity for the year ended 31 March 2020, and iii) Statement of financial position at that date. Include a table for property, plant and equipment in good form. *All workings should be shown. (Tips: Total Comprehensive Income RM78,850; NCA RM154,525; CA RM52,975, Total OE RM143,575, CL RM38,925) Grainger plc had the following trial balance at 31 March 2020 Cr RM000 Dr RM000 22,000 20,200 7,100 11,300 4,700 75,000 9,500 1,900 161,000 76,000 2,700 625 Inventory at 1 April 2019 Vehicles at cost Vehicles provision for depreciation at 1 April 2019 Equipment at cost Equipment provision for depreciation at 1 April 2019 Land at cost Buildings at cost Buildings provision for depreciation at 1 April 2019 Sales revenue Purchases Dividend paid Half-year's debenture interest paid Over-provision for taxation in 2018/19 Other production costs Other distribution costs Other administration costs Prepayments Trade receivables Trade payables Accruals Bank 5% debentures 2047 Ordinary shares of 50 sen each Retained earnings at 1 April 2019 800 6,000 19,400 22,000 700 33,300 20,000 1,100 2,500 25,000 30,000 44,625 298,725 298,725 The following additional information is available: i) Inventory at 31 March 2020 was RM18,800,000 ii) Vehicles were purchased during the year for RM1,800,000. iii) In March 2020 equipment which had cost RM550,000 was sold for RM175,000. It had a net book value at the date of sale of RM195,000 and the sale proceeds are to be received in April 2020. No entries have yet been made for this sale. iv) Land is to be revalued upwards by RM60,000,000 on 31 March 2020. v) Depreciation is to be charged for the year to 31 March 2020: 1. Vehicles at 40% on the reducing balance method 2. Equipment at 20% straight line 3. Buildings over 50 years. A full year's depreciation is charged in the year of purchase and none in the year of disposal. vi) The estimated charge for taxation for the year is RM7,500,000. vii) Debenture interest for the second half-year is unpaid and is to be accrued. viii) Vehicles are used for distribution; equipment is used 50% by distribution, 30% by production and 20% by administration. Buildings are used for administration. ix) On 26 March 2020 the board of directors declared an ordinary dividend for the year of 12 sen per share. Required: Prepare, in a format suitable for publication in compliance with MFRS101, a i) Statement of comprehensive income - income statement part only ii) Statement of changes in equity for the year ended 31 March 2020, and iii) Statement of financial position at that date. Include a table for property, plant and equipment in good form. *All workings should be shown. (Tips: Total Comprehensive Income RM78,850; NCA RM154,525; CA RM52,975, Total OE RM143,575, CL RM38,925)