please do A and B its one question

Section A Below is the summarized draft statement of financial position of Juniper Ltd, a publicly listed company. as at 31 March 2019 5-000 5000 ASSETS Non-current assets Property at valuation: Land 20,000 165,000 Buildings 185.000 Plant (NBV) Long term receivables 180.500 12.500 378,000 Current Assets Inventories Trade Receivables Cash and cash equivalents 84,000 52,200 3,800 140,000 Total assets 518,000 EQUITY AND LIABILITIES EQUITY AND LIABILITIES 2 En Equity 250,000 Ordinary Shares of $1 each 40,000 Share premium 18,000 Revaluation surplus Retained earnings: at 1 April 2018 for the year ended 31 March 2019 12,300 96,700 109,000 417,000 Non Current Liabilities 19,200 Loan 81,800 Current Liabilities 518,000 Total equity and liabilities It is late May 2019 and the Board of Directors require an updated draft to finalise to meet the deadline to the Stock Exchange. The following information is relevant: 1. The non-current assets have not been depreciated for the year ended 31 March 2019 Juniper Ltd has a policy of revaluing its land and buildings at the end of each accounting year. The values in the above statement of financial position are as at 1 April 2018 when the buildings had a remaining life of 15 years. A qualified consultant has valued the land and buildings as at 31 March 2019 at $180 million Plant is depreciated at 20% on the reducing balance basis. i in early April 2019, the Chief Financial Officer discovered a material fraud perpetrated by the company's financial controller that had been occurring for some time. Investigations presented at a meeting earlier in the week revealed that a total of $4 million of the trade receivables as shown in the statement of financial position at 31 March 2019 had in fact been paid by the debtor and the funds stolen by the financial controller. The analysis further revealed that $1.5 million had been stolen in the year 31 March 2018. The company is not insured for this loss and it cannot be recovered from the financial controller. ii. Dividends totaling $15.5 million were paid and accounted for during the year iv. The figures do not include the estimated provision for income tax on the profit for the year ended 31 March 2019. Tax consultants have estimated the provision at $11.4 million It is company policy for professional fees related to the financial statements are paid after submission to the stock Exchange. The external auditors and tax consultants have presented their fees related to preparation of the financial statements at $2.5 million. This is $500,000 more than what was estimated in previous drafts of the financial statements. Required Based on the additional information: a) Prepare a statement showing the recalculation of Juniper Ltd's net profit for the year ended 31 Match 2019 (10 marks) b) Redraft the Statement of Financial Position of Juniper Ltd as at March 31, 2019 (15 marks) Notes to the financial statements are not required however showing workings is encouraged