I posted this question yesterday. And thank you for the solution. But unfortunately, solution for part 4 was not provided. please assist

The Boatyard Limited is a distributor of boats that are used by fishermen and recreational users for ocean and freshwater use. The draft trial balance of the company for the year ended 31 December 20x6 is as follows: THE BOATYARD LIMITED DRAFT TRIAL BALANCE AT 31 DECEMBER 20X6 Debit Credit Ordinary share capital 2,000,000 Retained earnings 1,592,500 Land: Cost 5,000,000 Office equipment: Cost 1,100,000 Office equipment: Accumulated depreciation 550,000 Motor Vehicles: Cost 2,000,000 Motor Vehicle: Accumulated depreciation 800,000 Accounts receivable 675,000 Inventory 2,225,000 Cash and Bank 1,477,500 Borrowings 5,600,000 Accounts payable 760,000 Sales 9,125,000 Cost of Sales 5,475,000 Salaries expense 905,000 Bad debts expense 62,500 Marketing Expense 100,000 Depreciation: Motor vehicles 400,000 Depreciation: Office equipment 275,000 Repairs and maintenance 30,000 Travel expense 82,500 Other costs 275,000 Interest expense 220,000 Dividends declared 125,000 20.427.500 20,427,500 Additional information: The ordinary share capital consists of 1 600 000 share issued at N$1.25. N$500,000 of the borrowings are repayable on 31 July 20x7. Boatyard Limited classifies expenses according to their function Management categories the functions of the business into the areas of sales, administration and distribution Salaries of N$555,000 relate to the administrative function and N$350,000 to the distribution function. The bad debts, marketing and depreciation on office equipment relate to the administration function. The repairs and maintenance, travel and depreciation on motor vehicles relate to the distribution function. The other costs are all individually not material and relate N$162,500 to administration and N$112,500 to distribution. The land is being held with the intention of building its own distribution and viewing outlet thereon, so as to save on renting costs. Depreciation on office equipment is recognized on the straight line basis over for years with no residual value. The motor vehicles are all delivery vehicles used to deliver boats to customers. Depreciation on motor vehicles is recognized on the straight line basis over five years with no residual value. Interest of N$20,000 for December 20x6 has not yet been paid and is not yet included in the draft trial balance. An amount of N$30,000 of the marketing expense included on the draft trial balance has been paid in advance in respect of the following period. The income tax expense for the current year has been correctly calculated at N$162,000 and has not yet been processed or paid. The final dividend for the year ended 31 December 20x5 of N$125,000 was declared on 18 January 20x5. The final dividend for the year ended 31 December 20x6 of N$150,000 was declared on 15 March 20x7. No interim dividends were declared. Ignore the effects of dividends tax. There are no components of other comprehensive income. The financial statement has not yet been authorized for issue. REQUIRED: 1) Prepare the statement of profit or loss and other comprehensive income of the Boatyard Limited for the year ended 31 December 20x6 in accordance with International Financial Reporting Standards. (15 marks) 2) Prepare the current assets and current liabilities sections only of the statement of financial position the Boatyard Limited at 31 December 20x6 in accordance with International Financial Reporting Standards. (6 marks) 3) Prepare the statement of changes in equity of Boatyard Limited for the year ended 31 December 20x6 in accordance with International Financial Reporting Standards. (7 marks) 4) Prepare the following notes to the financial statements to comply with International Financial Reporting Standards and Companies Act: (12 marks) Statement of compliance Basis of preparation Accounting policies for land, office equipment, motor vehicles, and inventory Trade and other receivables Trade and other payables Dividends