QUESTION $1$McKie Ltd has presented you with the following balances for the year ended September $30,2023$:$$The following additional information is available:$1.$ At September $30,2023$ closing inventory was $$32,0002.$ The Accountant has determined that the estimate for the provision for bad debts at September $30,2023$ is $10\%$ of debtors.$3.$ At the end of the period it was discovered that one employee was owed $$2,000$ in salaries while another was overpaid by $$4,000.$ Additionally insurance prepaid was $$3004.$ The following appropriation of the expenses must be made$$ Admin$$ Selling & Dist$$ Rent$80\%20\%$ Wages & Salaries$60\%40\%$ Insurance$50\%50\%$ Prov. for Depreciation$70\%30\%5.$ On June $1,2023$ the company rented some of its office space to Breezy Ltd$.$ At that date Breezy Ltd paid rent covering the next nine months.$6.$ Depreciation should be provided as follows:$$ Land$$ Nil$$ Buildings$2$ percent per year on cost$$ Furniture & Fittings$20$ percent per year on reducing balance$7.$ Goodwill impairment was estimated to be $20\%.8.$ Corporation tax is estimated to be $$42,0009.$ The directors proposed on September $20,2023$ to pay the final preference dividends.At a board of directors meeting on October $19,2023$ the directors evaluated the performance of the business over the past financial year and proposed to pay a further $6\%$ ordinary dividend.$$Required:$$