QUESTION 6 ASEM Trading Litd has prepared the following draft fintincial statements for your revicw i. Income tax of GHe2.I million is yet to be provided for on profit for the current yeat. An unpaid under-provisooe for the previous year's liability of GHe400,000 has been ibentified on 5 June 2020 and has not been reflocted in the draft accousts. ii. There have been no additions to, or dreposals of, noe-current assets in the year but the assets under construction have been completed in the year at an additional cost of GHe50,000. These relate to plant and machinery. The cast and accumulated depreciation of nob-current assets as at 1 Jane 2019 were as follows: iii. There was a revaluation of land and buildings during the year, creating the revaluation reserve of GHe5 miltion (land element GHel million). The effect on depreciation has been to increase the baildings charge by GHe300,000. ASEM Trading LAd adopts a policy of transferring the revaluation sumplus included in equity to tetained eamings as it is realised. iv. Staff costs conprise of: general office staff - GHe 942000 and gooks delivery staff GHe 470,000. v. An analysis of depreciation charge shows the following: Required: Prepare the following isformation in a form suitable for publication for ASEM Tradeng Lid's financial statements for the year ended 31 May 2000 a) Statement of profit or loss b) Statement of financial position e) Statement of changes in eqquity