Prepare a statement of changes in Equity

Question 4: Company Accounts Janitex Ltd has presented the following balances for the year ended June 30, 2020: $ $ 26,900 15,400 215,000 13,600 29,500 1,223,400 520,000 710,000 450,000 105,000 98,000 22,100 140,000 25,000 Rent expense Commission received 8% Mortgage Other operating expenses Creditors Revenue Land Building Ordinary shares @ $0.75 Furniture and fittings Wages and salaries Bank Provision for depreciation: Building Furniture and fittings Insurance Carriage inwards Returns Discount Retained earnings at July 1, 2019 Goodwill 4% Preference shares @ $0.50 Cash Inventory at July 1, 2019 Rent received Debtors Purchases Debenture interest Mortgage interest 7% Debenture General reserves Interim ordinary dividends 18,300 7,600 15,600 27,400 26,300 454,000 13,000 14,800 230,000 43,600 59,000 37,000 45,000 475,000 4,100 9,200 180,000 72,900 9,500 2,668,100 2,668,100 The following additional information is available: 1. At July 1, 2019 closing inventory was $42,000. 2. At the end of the period, it was discovered that one employee was owed $7,500 in salaries while another was overpaid by $2,000. Additionally, insurance prepaid was $3,300. 3. The following appropriation of the expenses must be made: Admin Selling & Dist. Rent 70% 30% Wages & salaries 80% 20% Insurance 40% 60% Depreciation 60% 40% 4. On October 1, 2019 the company rented some of its office space to Govi Ltd. At that date Govi Ltd paid rent covering the next ten months. 5. Depreciation should be provided as follows: Buildings 4% on cost Furniture & fittings 10% on reducing balance 6. Goodwill impairment was estimated to be 20%. 7. Corporation tax is estimated to be $29,800. 8. The preference dividends are to be honoured in full. 9. Towards the end of the year, the company made a new issue of 150,000 ordinary shares with the same par value as the existing shares. Each share was issued for $0.90. 10. A transfer of $48,000 is to be made to general reserve