Nonde Esnart plc, a retailing company, has an authorized share capital of 700,000 ordinary shares of KI each. The following trial balance was extracted from the books of account as at 31 December 2019 Dr Cr K000 K000 Issued share capital 560 Share premium account 140 Income statement 180 10% Debentures 100 Furniture and fittings at cost 400 Depreciation to 1 January 2019 200 Cash balances 118 Trade creditors 120 Trade debtors 500 400 Inventory at 1 January 2019 Hire charges (distribution, vehicles, etc) Purchases 680 1,000 Administration expenses 300 Deferred taxation 80 Distribution costs 200 Accrued expenses 50 Auditors'remuneration 40 14 Interim dividend (paid on 1 July 2019) Trade investments at cost (market value K170,000) 140 2 Debenture interest (eross) 10 Dividends received on 1 December 2019) 30 Turnover 2,400 Prepaid expenses 58 3.860 3860 You are also given the following information: (a) Turnover excludes value added tax. (b) Inventory at 31 December 2019 was valued at $600,000. (d) Depreciation of KB0,000 is to be charged on the furniture and fittings for the year to 31 December 2019 (d) Administration includes directors'emoluments of K110,000 (el The corporation tax payable (based on the profits for the year to 31 December 2019 at a rate of 30 per cent) is estimated to amount to K100,000 (F) The company proposes to pay a final ordinary dividend of 10 per cent. Required: Prepare financial statements for publication, together with relevant notes. (Work to the nearest K1,000)