Question 19 Additional Information - Audit fees accrued for the vear ended 31stDec2019 was GHe 1520. Additional Information - Audit fees accrued for the year ended 31st Dec 2019 was GH1,520. - The company pays interest on 10% debenture semi-annual. - Unexpired reserve risk is calculated at 25% - Assume corporate tax is 25% - Depreciation is to be accounted for on the following basis: Buildings 5% Straight line method - In compliance with the Insurance Act (Act 724) 20% of net profit after tax is to be transferred to contingency reserve. Required: Prepare the following financial statements of Deon Insurance Limited for publication in accordance with relevant legislations: (a) Prepare the Statement of Comprehensive Income for the year ended 31st December, 2019 (b) Prepare the Statement of Changes in Equity for the ended 31st December, 2019 (c) Prepare the Statement of Financial Position as at 31st December, 2019. Question 20 Jones Limited is a manufacturer of electrical goods. You are a trainee accountant working for Jones Limited. The following statement of comprehensive income and statement of financial position extracts relate to Jones Limited. Jones Limited Statement of Comprehensive Income (Extracts) for the Year Ended 31 December 2018 GHem Operating profit 752 Finance costs (interest) (100)