March, 20 13 20 12 1.20 prepare a balance sheet as at 31st March, 2023. The following balances were extracted from the books of Labela Ltd. after prepration of their statement of profit and loss as at 31st March, 2023: Property, plant and equipment at cost Aggregate depreciation (31.3.23) Inventory Trade receivables Trade payables Retained earnings (1.4.22). Profit for the year Cash in hand and at bank Investments at cost Prepayments Accruals Securities premium account General reserve 10% preference shares (10 each fully paid) Equity shares ( 10 each fully paid) 15% debentures 2,40,000 30,000 34,000 8,000 6,000 28,600 51,400 68,000 16,000 1,000 800 18,000 40,700 40,000 1,40,000 10,000 1,500 Accrued debenture interest After extracting the above list of balances the accrued debenture interest and the year's dividend on preference shares was paid. The directors recommend that the equity shareholders should receive a 13% dividend and that a transfer to general reserve should be made of 2