please use a table to answer the questions

ollows: Additional information as at 31 May 2023 : i. Closing inventory has been counted and is valued at $560,000. ii. There are wages and salaries to be paid of $42,000. iii. Loan note interest has not been paid during the year. iv. The allowance for doubtful debts is to be increased to $40,000 ( 100% Admin Cost) v. Plant is depreciated at 25% per annum using the reducing balance method. The entire charge is to be allocated to cost of sales. vi. Buildings are depreciated at 5% per annum on their original cost, allocated 25% to cost of sales, 50% to distribution costs and 25% to administrative expenses. vii. On 1 August 2022 Target purchased and absorbed another business as a going concern. Toyz paid $85,000 for goodwill and $35,000 for the business' inventory. The purchase was paid for by the issue of 100,000 ordinary shares. This transaction has not yet been recorded in the books of Target. At 31 May 2023 the fair value of the goodwill was $68,000. viii. During May 2023 a bonus (or scrip) issue of one for five was made to ordinary shareholders. This has not been entered into the books. The share premium account is to be used for this purpose. ix. No dividends have been paid or declared and Director's remuneration should be allotted to Admin Cost. x. The directors have agreed a transfer of $35,000 to the general reserve from profits for the period. xi. Tax has been calculated as $70,000 for the year. Prepare, for external use, the following financial statements for Toyz in accordance with IAS 1 Presentation of Financial Statements: i. the Income Statement for the year ended 31 May 2023 ii. the Statement of Changes in Equity as at 31 May 2023 iii. the statement of changes in equity as at 31 May 2023 iv. notes to the financial statements 10 marks 15 marks 15 marks 20 marks Total 60 marks