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please Solve it ASAP I need it Trial Balance as at 31 December 20X3 f f 500,000 300,000 1,250,000 250,000 3,381,940 293,720 143,175 308,350 17,500

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please Solve it ASAP I need it

Trial Balance as at 31 December 20X3 f f 500,000 300,000 1,250,000 250,000 3,381,940 293,720 143,175 308,350 17,500 Share capital (1) Share premium account Factory cost Factory depreciation as at 31.12.X3 P&E cost P&E accumulated depreciation at 31.12.X2 Inventory as at 31.12.X2 Trade receivables Bank Trade payables Revenue Purchases Production costs Administrative costs Distribution costs Factory depreciation Dividend Income tax Suspense 291,550 2,394.965 1,088,930 168,420 235,831 98,831 25.000 125,000 6.000 138,350 4.168.585 2,680,392 Retained earnings b/f 6,848,977 6,848,977 The following information is also provided: 1. On 1 January 20X3 Staver had a 1 for 10 rights issue at a price of 2.75. The rights were fully subscribed. The cash was correctly posted but the other side of the entry was taken to suspense. On 10 December 20X3 the company then had a 1 for 8 bonus issue to utilise some of the share premium account. No entries have yet been made to reflect the bonus issue. 2. Closing inventory is valued at a cost of 180,000. Included within that figure are some items that cost 11,000. These goods were damaged. They will be repaired at a cost of 500 before being sold for an estimated 7,250. 3. The tax expense for the year is 225,000. The balance on the trial balance represents an under ion of the previous year's tax liability. 4. On 1 January 20x3 Staver plc disposed of some machinery. The machinery had originally cost 8,000 and had accumulated depreciation of 6,425. So far Staver plc has only accounted for the cash proceeds of 850, posting the credit to a suspense account on the trial balance. Any profit or loss on disposal should be posted to cost of sales. 5. Plant and machinery is depreciated at 15% reducing balance. All depreciation should be charged to cost of sales. The factory depreciation has already been calculated and reflected separately in the trial balance. 6. On 17 December 20X3 Staver received 6,200 from a customer. Staver had required that the customer paid in advance of delivering the goods. The amount was taken to revenue though the goods were not delivered until after the year end. 7. Length of lease 5 years Annual payments 3,000 payable in arrears Present value of minimum lease payments 12,637 Deposit paid 1 January 20X3 1,763 Interest rate implicit in the lease 6% Useful life of the asset 6 years The company incurred installation costs of 660. Requirements (a) Prepare a Statement of profit or loss for the year ended 31 December 20X3 19 marks (b) Prepare a Statement of changes in equity for the year ended 31 December 20X3 7 marks (c) Prepare a Statement of financial position as at 31 December 20X3 14 marks

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