Question $3$

Gemini Limited list of balances for the year ended December $31,2014$ are as

follows;

Additional information

$1$ Rent expense owing as at December $31,2014$$$2,000$

$2$ Rental income for $2015$ received in $2014$ amounted to $$300$

$3$ Prepaid insurance during $2014$ amounted to $$2,400$

$4$ Provide for Corporation tax of $$28,602$ for $2014$

$5$ Transfer $$2,000$ to general reserve.

$6$ Weighted average number of ordinary shares in issue during $2014$ amounted

to $50,000$

$1.$ Find Earnings per share

$($a$)$ Prepare the Statement of Comprehensive Iricome for the year ended

December $31,2014(19$ marks$)$

$($b$)$ Prepare the Statement of Changes in Equity for the year ended December $31,$

$2014(8$ marks$)$

$$ Prepare the Statement of Financial Position at December $31,2014$

Prepare Statement of Cash Fow at December $31,2014$