NOTIONA Question YOU MUST ANSWER QUESTION bgach 202 The showed . Hadde 03 OLI Oy 1. Presto Eth 500 300 400 A 2304 20gb 100 Bar Cage 0$ DIDIE Ow 1933*82 38313 21 C 40 1920 Landbou Day IPC 119 1. The Theme man Pom OPE The charge of the year 125.000 The wine.000 to the garden Share penwordinary of the your's profit 129 951 qurdubice and at Wome prepar Gero Acer Dong Xhamster powing The 2010 DO A poor and they 100 ended 31 March 2001 with all prodbytunet Then a na in 2000 Art of changes in your eye" 2021 pgta. Affithin elevantno 20 m (2 TOTAL SO MARKI *PE 67% Question 1 (50 marks] YOU MUST ANSWER THIS QUESTION Dong-XI Pic: Trial Balance at 31 March 2021 000 000 1 Ordinary shares, fully pald 500 4% Preference shares, fully paid 300 6% Loan notes 400 Administrative salarles 2,364 Advertising 82 Audit fees 100 Bank 130 Carriage inwards 80 Commissions receivable 198 Equipment accumulated depreciation at 31/3/20 450 Equipment cost at 3173/20 1.200 General reserve 27 Interest paid 12 Inventory at 31/3/20 470 Land and buildings accumulated depreciation at 31/3/20 341 Land and buildings cost at 31/3/20 (Land 925,000) 1.725 Non-production expenses 330 Ordinary dividends paid 15 Preference dividends paid 6 Production costs 2028 Purchases and sales 2.800 9.420 Retained earnings 538 Sales staff remuneration 1.050 Share premium 246 Trade receivables and payables 179 151 12.571 12.571 Dong Xi Pia. Additional information at 31 March 2021 A. The inventory at 31 March 2021 was valued at 380.000 B. Prepaid expenses include non-production costs of 10.000 and administrative salaries of 145.000, The loan Holes and preference shares were issued several years ago, Half of the loan notus Beropayable August 2021 with the other half repayable 2020 Continued... D. The following should be accounted for at the year-end: a. Any outstanding interest on the loan notes b. Half a year's preference dividends c. Unpaid production costs of 27,000 E. The land is to be revalued to 1,000,000 on 31 March 2021 F. Depreciation should be charged over 40 years on cost for the buildings and at 20% on the reducing balance basis for the equipment. G. Depreciation and other common costs should be apportioned as follows: Cost of Selling and Administration sales distribution costs expenses Buildings Depreciation 40% 30% 30% Equipment costs 50% 20% 30% Non-production general 60% 40% expenses H. The estimated tax charge for the year is 125,000. 1. The directors would like to transfer 50,000 to the general reserve and to pay a final ordinary dividend of 10% of the year's profits. Required: Use the trial balance and additional information above to prepare, for Dong Xi plc, in a format suitable for publication, the following: a) A statement of profit or loss and other comprehensive income for the year ended 31 March 2021 with all expenses classified by function, 22 marks) b) A statement of changes in equity for the year ended 31 March 2021, 16 marks) A statement of ancial position at 31 March 2021 20 mark u Any relevant accompanying notes ma NOTIONA Question YOU MUST ANSWER QUESTION bgach 202 The showed . Hadde 03 OLI Oy 1. Presto Eth 500 300 400 A 2304 20gb 100 Bar Cage 0$ DIDIE Ow 1933*82 38313 21 C 40 1920 Landbou Day IPC 119 1. The Theme man Pom OPE The charge of the year 125.000 The wine.000 to the garden Share penwordinary of the your's profit 129 951 qurdubice and at Wome prepar Gero Acer Dong Xhamster powing The 2010 DO A poor and they 100 ended 31 March 2001 with all prodbytunet Then a na in 2000 Art of changes in your eye" 2021 pgta. Affithin elevantno 20 m (2 TOTAL SO MARKI *PE 67% Question 1 (50 marks] YOU MUST ANSWER THIS QUESTION Dong-XI Pic: Trial Balance at 31 March 2021 000 000 1 Ordinary shares, fully pald 500 4% Preference shares, fully paid 300 6% Loan notes 400 Administrative salarles 2,364 Advertising 82 Audit fees 100 Bank 130 Carriage inwards 80 Commissions receivable 198 Equipment accumulated depreciation at 31/3/20 450 Equipment cost at 3173/20 1.200 General reserve 27 Interest paid 12 Inventory at 31/3/20 470 Land and buildings accumulated depreciation at 31/3/20 341 Land and buildings cost at 31/3/20 (Land 925,000) 1.725 Non-production expenses 330 Ordinary dividends paid 15 Preference dividends paid 6 Production costs 2028 Purchases and sales 2.800 9.420 Retained earnings 538 Sales staff remuneration 1.050 Share premium 246 Trade receivables and payables 179 151 12.571 12.571 Dong Xi Pia. Additional information at 31 March 2021 A. The inventory at 31 March 2021 was valued at 380.000 B. Prepaid expenses include non-production costs of 10.000 and administrative salaries of 145.000, The loan Holes and preference shares were issued several years ago, Half of the loan notus Beropayable August 2021 with the other half repayable 2020 Continued... D. The following should be accounted for at the year-end: a. Any outstanding interest on the loan notes b. Half a year's preference dividends c. Unpaid production costs of 27,000 E. The land is to be revalued to 1,000,000 on 31 March 2021 F. Depreciation should be charged over 40 years on cost for the buildings and at 20% on the reducing balance basis for the equipment. G. Depreciation and other common costs should be apportioned as follows: Cost of Selling and Administration sales distribution costs expenses Buildings Depreciation 40% 30% 30% Equipment costs 50% 20% 30% Non-production general 60% 40% expenses H. The estimated tax charge for the year is 125,000. 1. The directors would like to transfer 50,000 to the general reserve and to pay a final ordinary dividend of 10% of the year's profits. Required: Use the trial balance and additional information above to prepare, for Dong Xi plc, in a format suitable for publication, the following: a) A statement of profit or loss and other comprehensive income for the year ended 31 March 2021 with all expenses classified by function, 22 marks) b) A statement of changes in equity for the year ended 31 March 2021, 16 marks) A statement of ancial position at 31 March 2021 20 mark u Any relevant accompanying notes ma