Question $3\mathrm{.}6$

The following is the trial batance of L skime Limited at $31$ Dectinn

Additional information:

Share capital constitutes $120000$ ordinary shares of no par value. $20000$ shares were issued for C$40000$ on the first day of the year.

Eskimo Limited classifies expenses according to their function. Management categorise the functions of the business into the areas of sales, administration and distribution.

Salaries of $C30000$ relate to the administrative function and $C20000$ to the distribution function.

Depreciation on buildings is allocated C$10000$ to the administrative function and C$15000$ to the distribution function.

The bad debts and marketing expenses relate to the administration function.

The repairs and maintenance and fuel expenses relate to the distribution function.

The company rents all of its equipment on short$-$term rentals; the rent expense is allocated equally to the administration and distribution functions.

Dividends of C$15000$ in respect of the year ended $31$ December $20$X$7$ were declared and paid during January $20$X$8.$ Dividends of C$20000$ in respect of the year ended $31$ December $20$X$8$ were declared on $15$ January $209.$

There are no movements in other comprehensive income.

Required:

a$)$ Prepare the statement of comprehensive income of Eskimo Limited for the financial year ended $31$ December $208$ in accordance with International Financial Reporting Standards.

b$)$ Prepare the statement of changes in equity of Eskimo Limited for the financial year ended $31$ December $208$ in accordance with International Financial Reporting Standards.

Pleas help with a and b