Question 4: Company Accounts Juniper Ltd has presented the following balances for the year ended March 31, 2021: 21,200 S 13.800 105,600 287,000 570,000 21.800 41,600 1,389,700 21,200 31,800 245,000 850,000 730,000 600,000 170,000 35.000 Discount Retained earnings at April 1, 2020 Goodwill 8% Preference shares S0.60 Other operating expenses Creditors Revenue Rent expense Commission received 7% Mortgage Land Building Ordinary shares @ $0.80 Provision for depreciation Building Furniture and fittings Insurance Furniture and fittings Purchases Debenture interest Mortgage interest Wages and salaries Bank Carriage inwards Returns Cash Inventory at April 1, 2020 Rent received Debtors 12% Dcbenture General reserves Interim ordinary dividends 11,600 216,000 896,000 8.200 7,100 84,000 26,100 5,700 12,200 38,700 59,400 17,100 45,600 51,000 215.000 23,800 12.600 3.431,900 3,431,900 7 The following additional information is available: 1. At March 31, 2021, clasing inventory was 574,500. 2. At the end of the period, it was discovered that one employee was owed $12,300 in salaries while we w ucpaid by $8,500. Adelinally, in uwing was $7,000. 3. The following appropriation of the expenses must be made: Admin Selling & Dist. Rent 60% 40% Wages & salaries 75% 25% Insurance 30% 70% Depreciation 80% 20% 4. On November 1, 2020 the company rented some of its office space to Genna Ltd. At that date Genna Ltd paid rent covering the next ten months. 5. Depreciation should be provided as follows: Buildings 6% on cost Fumiture & fittings 12% on reducing balance 6. Goodwill impairment was estimated to be 15%. 7. Corporation tax is estimated to be 533,600. 8. The preference dividends are to be honoured in full. 9. Towards the end of the year, the company made a new issue of 180,000 ordinary shares with the same par value as the existing shares. Each share was issued for $1.20. 10. A transfer of $66,000 is to be made to the general reserve. REQUIRED: Using the information provided, prepare Juniper Lid's statement of profit or loss, statement of changes in equity, and statement of financial position for the period. 8