I need an Answer for this with workings so i can see how the result was achieved, all the required info is in the attachment provided

Question 2 (10 Marks) (Word Limit = 1000 words) At the end of its financial year, Star Ltd. took the following information from its accounting books of record. Trial Balance as at 30 June, 2017 Debit AUD $ Sales Revenue Interest Revenue Salaries Light, power & fuel Audit Fees Interest Expense Damage due to fire Purchases Interim dividend Cash at bank Inventories Accounts Receivable Provision for Doubtful Debts Term deposit - due 30th September,2017 Marketable Securities (long term) Insurance paid in advance Plant & Machinery Furniture & fittings Buildings Accounts Payable Accumulated Depreciation - Plant & Machinery Accumulated Depreciation - Furniture & fittings Accumulated Depreciation - Buildings Bank Mortgage secured over buildings, due 1 st May, 2019 Share Capital General Reserve Retained Earnings Credit AUD $ 80,000 25,000 10,000 8,000 33,000 360,000 8,000 76,000 115,000 85,500 700,000 16,500 10,000 166,000 40,000 20,000 90,000 100,000 145,000 1,361,500 60,000 45,000 30,000 29,000 150,000 250,000 40,000 31,000 1,361,500 Additional Information 1. Salaries not paid at 30th June amounted to $8,000. 2. Unpaid power account for June totalled $4,000. 3. Prepaid insurance attributable to current year is 10,000. 4. Star Ltd. uses the periodic inventory system. The stock-take of 30 th June shows closing inventory of $110, 000 (valued at lower of cost and market value). 1 5. Interest on bank mortgage is 10% per annum and is payable twice yearly on 31st December and 30th June. The amount due at 30 June has not been recognised. 6. Depreciation rates on the straight line basis are as follows: Plant & Machinery 10% Furniture & Fittings 5% Buildings 5%. 7. The current market value of marketable securities is $42,000. Marketable securities are valued at lower of cost and market value. 8. On 21st June 2017, Star Ltd was notified of an impending legal suit for $25,000 against the company for breach of contract. The case was settled 15 th July 2017. 9. Tax expense was calculated to be $40,000. A final dividend of 5% of paid-upcapital was declared and approved in 30th June 2017. 10. On 15 August 2017, Robert Ltd, a major customer of star Ltd, indicated that it had found an alternative supplier. At that date Robert Ltd owed no amount to Star Ltd. Required: 1 Prepare the necessary adjusting journal entries required by items 1 to 10 (narrations are not required). 2 Prepare a Statement of Comprehensive Income, a Statement of Financial Position and a Statement of Changes in Equity for Star Ltd for the year ended 30 th June 2017 in accordance with the requirements of AASB 101. 3) Prepare at least fifteen (15) notes to the financial statements according to comply with relevant accounting standards. 2