Please show your workings

The following trial balance has been extracted from the records of Cork Limited at 31 December 2017: Debit Credit Revenue Share Premium Dividend paid Loan note (debenture) interest Retained earnings 10% loan notes (debentures) (redeemable 2026) Purchases Invent Selling & Distribution costs Administration expenses Land and Buildings Cost Land and Buildings - Accumulated depreciation at 1 January 2017 525,000 5,000 600 400 130,000 15,000 450,000 700 6,000 5,000 375,000 165,000 75,000 Motor Vehicles- Accumulated depreciation at 1 January 2017 12,000 Trade receivables and payables Bank 735 825 46,900 7,500 100,010 960.335960,335 Ordinary shares of 1 each (Authorised 90m shares) The following items are to be adjusted for in preparing financial statements for publication for the year ended 31 December 2017: (1) Accruals and prepayments were as follows: Accruals Prepayments Distribution costs Administration expenses 80 60 100 50 (2) The Corporation Tax liability for the year ended 31 December 2017 is estimated to be 50,000,000 (3) The debentures were issued on 1 July 2017. (4) Closing inventory at 31 December 2016 is valued at 50,000. (5) Depreciation is to be provided as follows: Buildings per year on cost Motor Vehicles- per year on reducing balance 2% 95