Need help with these questions attached below. Your help would be appreciated.

The following information has been extracted from the financial records of Cussler Limited for the reporting period ending 31 March 2012. Advertising expenses Bank charges Bank overdraft interest Sales Dividends received Gain on sale of asset Interest paid on long term loan Depreciation (Buildings $2,000) Directors' fees Purchases Wages Audit fees All other expenses Contributed equity (320,000 ordinary shares) Retained earnings - 1 April 2011 Revaluation reserve - 1 April 2011 Cash Accounts receivable Accounts payable Inventory - 1 April 2011 Equity investment - Air Kiwi Limited Term loan Land Buildings Buildings - accumulated depreciation Property, plant and equipment - at cost Property, plant and equipment - accumulated depreciation Dividends paid Loss on expropriation of land $ 56,200 400 1,600 $ 834,300 10,000 23,000 25,000 36,000 40,000 289,400 207,000 20,000 32,900 401,600 107,000 59,000 24,000 59,000 36,000 28,400 330,000 320,000 340,000 380,000 230,000 185,900 99,900 15,000 50,000 2,120,800 2,120,800 The following additional information is available: 1. The gain on the sale of the asset arose from the disposal of a portion of the company's land. The land, with a carrying value of $225,100, had been acquired for expansion purposes. Due to the downturn in the economy, a decision was taken to dispose of the land. The gain is not taxable in the hands of Cussler Limited. The balance in the revaluation surplus related to this item of land. 2. The term loan of $320,000 is due for repayment in full on 31 December 2017. The interest rate is fixed at 10 percent per annum. The loan is secured by a floating charge over the company's assets. 3. Included in 'All other expenses' is a donation made to a political party of $8,000. This donation is not deductible for taxation purposes. 4. On 1 February 2012, the company entered into an agreement to construct a new administration building costing $445,000. Construction is expected to commence during July 2012. The issue of new shares and loan finance will finance the construction of the administration building. 5. 6. 7. 8. 9. 10. A valuation of Cussler Limited's freehold land and buildings by A Jones NZIV, an independent registered valuer on 1 March 2012, revealed that the land had a fair value on that date of $560,000. No adjustments have been made to take this revaluation into account. Deferred tax is not provided for on non-depreciable assets. The equity investment comprises 500 shares of Air Kiwi Limited, a company listed on the New Zealand Stock Exchange. At 31 March 2012 the fair value of the shares was $308,500. Air Kiwi Limited is not a subsidiary of Cussler Limited. In terms of the entity's business model, any changes in fair value are recognized through profit or loss. Inventory on hand at 31 March 2012 amounted to $21,700. The loss on the expropriation of asset arose as a result of a portion of the company's land with a carrying value of $284,500, originally acquired for investment purposes, being expropriated by the Land Transport Authority for the construction of a motorway. This is the third time such an expropriation has occurred during the last 7 years. This loss is not permitted as a deduction for taxation purposes. The directors wish to provide a final dividend of $35,000 and a further amount of $6,000 for auditor's remuneration (audit fee) in respect of the audit for the reporting period ending 31 March 2012. Dividend income is not taxable. Taxation must be provided for at the rate of 30%. Required Prepare the financial statement of Cussler Limited for the reporting period ended 31 March 2012 from the information provided. These financial statements should comprise: 1. 2. 3. 4. a Statement of Comprehensive Income (by nature); a Statement of Financial Position; a Statement of Changes in Equity; and accompanying notes. You must comply with generally accepted accounting practice contained in the Financial Reporting Act 1993 and all relevant accounting standards (in particular NZ IAS 1). You are NOT required to provide Accounting Policy Notes, a Statement of Cash Flows disclosure of management judgment or key sources of estimation uncertainty