please prepare the balance sheet and profit & loss statement of Luxco 1. AND include your entries (dr and cr)

1	Luxco 1 has been incorporated on 1 February 2015 with a share capital of EUR 12,500. As per Lux law, the share capital has been initially transfered to a bank account opened with JP Morgan
2	On 5 March 2015, EUR 150 of bank charges were deducted from the bank account of Luxco 1
3	On 12 March 2015, the shareholder of Luxco 1 decided to increase the share capital (20% of the contribution) and the share premium (80% of the contribution) of Luxco 1 by contributing the following assets:
	- Shares held by the shareholder in Luxco 2, representing 100% of the share capital of Luxco 2. The value of the participation amounts to EUR 10,000,000
	- A loan from the shareholder to Luxco 2 for a nominal amount of EUR 150,000,000. Terms of the loan are as follows: interest free, maturity on 31 December 2016
4	The 2015 annual accounts of Luxco 1 will be audited by LuxAudit. The quote received from LuxAudit amounts to EUR 5,000 excl VAT
5	On 1 May 2015, Luxco 1 made the following payments
	- EUR 1,500 as notary fees for its incorporation
	- EUR 1,250 for the purchase of IT equipment (to be amortised)
6	On 2 February 2016, the shareholder approved the 2015 annual accounts of Luxco 1 and decided to carry forward the loss to the following year
7	On 17 April 2016, Luxco 2 distributed to Luxco 1 a dividend in cash for an amount of EUR 1,500,000.
8	On 1 May 2016, Luxco purchased USD against EUR 1,200,000 at a rate of 1,30.
	On the same day, the purchased USD have been lent by Luxco 1 to Luxco 3, a subsidiary of the Group.
	The USD loan has a maturity of 2 years, bears an interest of 5% and its basis is Act/360. Interest is payable at maturity.
	The average EUR / USD rate to accrue interest is 1,35.
	The EUR / USD rate as 31 December 2016 is 1,40