Ramson Lid is a multinational company, with headquarters in USA Ramson manufactures safety equipment in USA. TSF Inc is a wholly owned subsidiary of Ramson Ltd and operates in the USA. TSF makes parts and materials for Ramson Ltd that are used in the safety equipment The information below was provided to Ramson Ltd, and Ramson has translated the information into dollars. Below is the trial balance for TSF Inc as at 31 December 2022

Required: A: Using the trial balance above, prepare a classified statement of financial position in the narrative format for Ramson Ltd as at 31 December 2022.

show the working.

\begin{tabular}{|l|r|r|} \hline & \multicolumn{1}{|c|}{ Debits } & \multicolumn{1}{c|}{ Credits } \\ \hline Item & AUD\$ & \multicolumn{1}{|c|}{ AUD\$ } \\ \hline Accumulateddepreciation-plantandequipment & & 120,000 \\ \hline Accumulateddepreciation-rightofuseassets & & 36,000 \\ \hline Cash & 35,400 & \\ \hline Contributed equity & & 780,000 \\ \hline Cost of sales & 165,600 & \\ \hline Dividends & 93,600 & \\ \hline Foreign currency translation reserve & & 444,000 \\ \hline Income received in advance & & 72,000 \\ \hline Interest expense & 42,300 & \\ \hline Inventories & 10,000 & \\ \hline Land and buildings (at fair value) & & \\ \hline Lease liabilities (20\% is payable by 31 & & \\ \hline December 2023) & & \\ \hline Other operating expenses & & \\ \hline Patents & & \\ \hline Plant and equipment (at historical cost) & 540,000 & \\ \hline Retained earnings at 1 January 2022 & & \\ \hline Right of use assets & 216,000 & \\ \hline Salaries and wages expense & & \\ \hline Sales revenue & & \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Salaries and wages expense & 135,000 & \\ \hline Sales revenue & & 550,200 \\ \hline Trade payables & & 140,700 \\ \hline Trade receivables & 78,600 & \\ \hline Unsecured notes (maturing in Sept 2026) & & 270,000 \\ \hline Utilities expense & 62,400 & \\ \hline & 2,825,700 & 2,825,700 \\ \hline \end{tabular}