Part (A): - (35 Marks) FA Company Trial Balance As at 30 June 2019 BHD 000 BHD 000 1000 60 80 28 70 21 82 133 67 100 800 Premises Accumulated depreciation - premises Trucks Accumulated depreciation - Trucks Office machinery cost Accumulated depreciation - machinery Trade receivables Trade payable Bank 12% Debentures 800,000 ordinary shares of BHD 1 Revaluation surplus Retained earning Revenue Inventory at 30 June 2018 Purchases Salaries expense Wages expense Carriage in Advertising expense Office expense Debenture Interest paid Interim dividends paid ordinary 50 7 1000 46 630 79 36 38 34 24 6 7 2,199 2,199 2 = Further information: 1. Closing Inventory at 30 June 2019 was valued at BHD 38,000. 2. Premises were revalued at BHD 1,300,000 at 30 June 2019 3. BHD 2,500 of outstanding receivables at 30 June 2019 to be written off. An allowance of receivables is to be made amounting 2% of remaining outstanding receivables. 4. The business has been told by its lawyers that is likely to have to pay BHD 4300 damages for products that failed. 5. The directors have recommended a final dividend on ordinary shares BHD 0.04 per share. Required: 1- Prepare required journals. (10 marks) 2. Prepare the following financial statements in accordance with International financial reporting standards (IFRS): Statement of Profit & Loss and other comprehensive Income (10 marks) Statement of Changes in Shareholder's Equity (5 marks) Statement of Financial Position (10 marks)