Q3. After completion of the Trading Account, the following use balances were extracted from the books of Peter Jordan plc on 30 April 2006. 5 Authorised and issued share capital Ordinary shares of $1 each fully paid 1 500 000 7% Preference shares of $1 each fully paid 200 000 Premises 2 300 000 Motor vehicles 500 000 Fixtures and fittings 170 000 Provision for depreciation on motor vehicles 375 000 Provision for depreciation on fixtures and fittings 102 000 Gross profit 1 620 000 Stock 204 000 office expenses 460 000 Selling and distribution expenses 486 000 696 debentures - 2011 (issued in 2001 100 000 Debenture interest paid 3 000 Profit on sale of motor vehicle 2 000 Profit and loss account balance - 1 May 2005 143 600 Cr Debtors 132 000 Creditors 116 000 Bank 26 B00 Cr Cash 400 Share premium 150 000 Interim dividend paid - ordinary shares 75 000 preference shares 8 000 Provision for doubtful debts 3 000 4 Additional information at 30 April 2006: 1. Office expenses prepaid $8000 2. Selling and distribution expenses accrued $23 000 3. Provision for doubtful debts to be maintained at 296 of debtors Depreciation to be provided as follows: Motor vehicles 50% per annum reducing diminishing) balance b Fixtures and fittings 20% per annum on cost 5. The following are proposed: 2. Final dividend of $0.10 per share to be paid to ordinary shareholders b. Remaining dividend due is to be paid to preference shareholders 1500000-0 1=150000 proposed for org 200000.07=14000-8000 interim=6000 proposed Beguired :: la Prepare Peter Jordan ple's Profit and loss and Appropriation Account for the year ended 30 April 2006. R Prepare Peter Jordan ple's Balance sheet at 30 April 2005