please attach workings on the side.

Preparation of Financial statements Example Hariech plc supplies computer software to customers throughout the European Union. following is the company's trial balance at 31st December 2014; $000 $000 Purchases. 50,000 Accounts receivable 4,160 Inventories at 1 January 2014 5,000 Freehold property at cost 77,800 Final dividend paid for 2013 in July 2014 700 Distribution costs 10,800 Plant & equipment at cost 12,000 Administration expenses 16,000 Research expenditure 2,480 Accumulated depreciation at 1 January 2014 Bank Ordinary shares 6% Debenture loan Accounts payable Share premium account at 1 January 2014 Sales revenue Retained profit at 1 January 2014 Total You are given the following additional information; 178,940 2400 300 44,000 4,000 4,240 5,000 102,000 17,000 178,940 1. An invoice of $ 100,000 for advertising during 2014 was received in January 2015 and is not reflected in the above trial balance. 2. The value of inventories at 31 December 2014 was $5,400,000. 3. The company does not depreciate its freehold property. 4. The plant & equipment were purchased on 1 January 2012, at which time they were expected to have a 10 year life and a zero residual value. 5. Six months' rent of $520,000 included in administration expenses, was paid in advance on 1 October 2014. 6. Research expenditure has been incurred in the attempt to discover an improved design for one of the products that it sells. 7. The debenture interest due for 2014 has not yet been paid or accrued. 8. On 30 June 2014 the company issued 5,000,000 ordinary shares of $ 1 each for $9,000,000. The entire proceeds of this issue has been recorded as part of the balance of $ 44,000,000 on the ordinary shares account. 9. It is estimated that the corporation Tax charge for 2014 will be $6,000,000. Required: Prepare the following financial statements of Hariech plc for 2014 in accordance with the provisions of IAS 1 entitled presentation of Financial Statements: a) Statement of comprehensive income b) Statement of changes in equity; and c) Statement of financial position