Infinity Plc. has been trading in merchandise for several years in Goth City. The information below relates to the extracts from the financial statements for the past two years. Extract of Profit or loss and other Comprehensive income for the year ended 30th September. 2021 s 2020 s Revenue 100,000 160,000 Gross Profit 45,000 70,000 Administrative expenses 22,500 27,500 Finance cost: 10% Loan Note Interest 1,250 1,250 Operating Profit before Tax 21,250 41,250 Less: Taxation for the year 8,000 16,000 Less: Operating Profit for the Year 13,250 25,250 Dividends paid to Equity holders. 6,050 8,550 Extract of statement of Financial Position as at 30th September. 2021 2020 s Es Non-current assets Non- Current Assets at Cost Less Accumulated Depreciation Carrying Amount 50,000 70,000 10,000 12,500 40,000 57,500 Current Assets Inventory Trade Receivables Bank Balance 32,500 7,500 20,000 5,000 4,000 37,500 56,500 50,000 Total Assets 96,500 107,500 Equity and Liabilities Ordinary Share Capital @ 50pence each 23,000 23,000 Retained earnings 17,200 10,000 10% Loan notes 12,500 12,500 10% Redeemable Preference Shares 2,000 52,700 47,500 Current Liabilities Trade Payables 7,500 10,750 Taxation 24,000 16,000 Bank Overdrafts 12.300 33,250 43,800 60,000 Total Equity and Liabilities 96.500 107.500