> QUESTKINTO 25 The fotowing Infomation was extracted from the accounting records of Moded for the Mnancial rended 30 Ane 2020, Extract hom: Shitement of Pront or loon and other comprehensive Income of Mode Lld for the year ended 30 June 2020 R Gros pront 1440 000 Dividends received 43 000 Pront on sale of machine 75 000 Depreciation (15000) Interest expense (180 000) Distribution, administration and other expenses (403 000) Taxation (420 000) Pront for the year after taxation 540 000 7 Extract from statement of financial position of Modo Ltd as at 30 June 2020: 30 June 2020 30 June 20:19 ASSETS R Land and buildings 925 000 890 000 Machinery at carrying amount 875 000 250 000 investments 235 000 385 000 Inventory 170 000 480 000 Trade debtors 140 000 400 000 Receiver of revenue income tax 10 000 Na Bank Dance 30 000 115 000 Totato 2385 000 2420 000 EQUITY AND LIABILITIES EQUITY 1595 000 340 000 DALL 50% 8 79 340 000 EQUITY AND LIABILITIES EQUITY Ordinary sure capita Retained earnings 1565 000 745 000 820 000 410000 460 000 1 480 000) LIABILITIES Long term Borowings Trade creditors Receiver of revenue-Income tax Shareholders for dividends 820 000 750 000 60 000 NI 10 000 1 050 000 352 000 43 000 35 000 2385 000 Total equity and liabiti 2 420 000 Additional information: 1. Shares were issued for cash during the year 2. Dividends of R180 000 were declared during the current financial year. 3. On 31 October, machinery with a carrying amount of R110 000 was sold for cash. A replacement machine as well as additional machinery was purchased for cath. 4. No long term borrowings were made during the year 5. Investments were sold during the year. No new investments were purchased $ Required Take all me abovenmannscount and prepare the rement for Moded for the year ended on 2000 hendrechod Your comply with the intemanonalmanos Recorting Standard Optionate to the type of BSE CANDI Wongs to the 15 > QUESTKINTO 25 The fotowing Infomation was extracted from the accounting records of Moded for the Mnancial rended 30 Ane 2020, Extract hom: Shitement of Pront or loon and other comprehensive Income of Mode Lld for the year ended 30 June 2020 R Gros pront 1440 000 Dividends received 43 000 Pront on sale of machine 75 000 Depreciation (15000) Interest expense (180 000) Distribution, administration and other expenses (403 000) Taxation (420 000) Pront for the year after taxation 540 000 7 Extract from statement of financial position of Modo Ltd as at 30 June 2020: 30 June 2020 30 June 20:19 ASSETS R Land and buildings 925 000 890 000 Machinery at carrying amount 875 000 250 000 investments 235 000 385 000 Inventory 170 000 480 000 Trade debtors 140 000 400 000 Receiver of revenue income tax 10 000 Na Bank Dance 30 000 115 000 Totato 2385 000 2420 000 EQUITY AND LIABILITIES EQUITY 1595 000 340 000 DALL 50% 8 79 340 000 EQUITY AND LIABILITIES EQUITY Ordinary sure capita Retained earnings 1565 000 745 000 820 000 410000 460 000 1 480 000) LIABILITIES Long term Borowings Trade creditors Receiver of revenue-Income tax Shareholders for dividends 820 000 750 000 60 000 NI 10 000 1 050 000 352 000 43 000 35 000 2385 000 Total equity and liabiti 2 420 000 Additional information: 1. Shares were issued for cash during the year 2. Dividends of R180 000 were declared during the current financial year. 3. On 31 October, machinery with a carrying amount of R110 000 was sold for cash. A replacement machine as well as additional machinery was purchased for cath. 4. No long term borrowings were made during the year 5. Investments were sold during the year. No new investments were purchased $ Required Take all me abovenmannscount and prepare the rement for Moded for the year ended on 2000 hendrechod Your comply with the intemanonalmanos Recorting Standard Optionate to the type of BSE CANDI Wongs to the 15