Notes to the accounts: 1. The distribution costs include a prepayment of 2,000 relating to the following year. 2. The following expenses were still outstanding as 31 December 2021: Administration expenses 19,000 Salary 17,000 3. Inventory at 31 December 2021 valued at cost amounted to 200,000 4. Corporation Tax for the year is estimated to be 47,000. 5. Debenture interest is outstanding at the year-end. 6. Depreciation is to be charged on: Assessment task You are required to produce an Income Statement, Statement of financial position and Statement of Changes in Equity as at 31 December 2021. Relevant working notes should be submitted. Pro forma layout You are the assistant accountant with SSY pic. Your boss has asked you to prepare the draft tinancial statement for the year ended 31 December 2021, based on the following Trial Balance (extracted from the computerized record keeping system) and the additional information shown below. In undertaking this task you may refer to the attached pro forma layout. Notes to the accounts: 1. The distribution costs include a prepayment of 2,000 relating to the following year. 2. The following expenses were still outstanding as 31 December 2021: Administration expenses 19,000 Salary 17,000 3. Inventory at 31 December 2021 valued at cost amounted to 200,000 4. Corporation Tax for the year is estimated to be 47,000. 5. Debenture interest is outstanding at the year-end. 6. Depreciation is to be charged on: Assessment task You are required to produce an Income Statement, Statement of financial position and Statement of Changes in Equity as at 31 December 2021. Relevant working notes should be submitted. Pro forma layout You are the assistant accountant with SSY pic. Your boss has asked you to prepare the draft tinancial statement for the year ended 31 December 2021, based on the following Trial Balance (extracted from the computerized record keeping system) and the additional information shown below. In undertaking this task you may refer to the attached pro forma layout