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plese help me asap The trial balance of Beta plc as at 31 December 2021 was as follows: - The non-depreciable land property has been

plese help me asap
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The trial balance of Beta plc as at 31 December 2021 was as follows: - The non-depreciable land property has been further revalued at 31 December 2021 at the market price of 6,820,000 and this valuation is to be incorporated into the accounts for the - No depreciation charges have yet been recognized for the year ended 31 December 2021 . The company's depreciation policy is as follows: the buildings are depreciated 4% per annum based on the straight-line method; equipment and vehicles are depreciated at 10% per annum based on the straight-line method, assuming no residual values. There were no new property, plant and equipment acquired in the year to 31 December 2021. - The company's director fees should be treated as administrative expenses, while staff wages and salaries are to be split 50:50 between distribution costs and administrative expenses. - As the company is a trading company, its building depreciation expenses should be split 50:50 between distribution costs and administrative expenses. Depreciation of equipment and vehicles should be split 75:25 between distribution costs and administrative expenses. - The inventory at 31 December 2021 has been valued at 1,150,000. - The trial balance shows that corporation tax for the year to 31 December 2020 was underestimated by 15,000. The corporation tax liability for the year to 31 December 2021 is estimated to be 210,000. - The interest of the long-term loan, which was borrowed on 1 January 2021, remained outstanding at the end of the year. - The trade receivables include bad debts of 4,000 which should be written off. The allowance for doubtful receivables should then be adjusted to 2% of the remaining trade receivables. Required: Prepare the following financial statements for Beta ple for the year ended 31 December 2021 in accordance with IAS 1 Preparation of Financial Statement and show working notes where necessary: (a) a statement of comprehensive income for the year to 31 December 2021. (14 marks) (b) a statement of changes in equity for the year to 31 December 2021. (7 marks) (c) a statement of financial position as at 31 December 2021 . (12 marks)

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