Reem Company Trial Balance As at 30 June 2021 BHD 000 BHD 000 1000 60 80 28 70 21 82 133 97 Premises Accumulated depreciation - premises Truck Accumulated depreciation - Trucks Office machinery cost Accumulated depreciation - machinery Trade receivable Trade payable Bank 12% Debentures 800,000 ordinary shares of BHD 1 Revaluation surplus Retained earnings. Revenue Inventory on 30 June 2020 Purchases Salary expense Wage expense Carriage in Advertising expenses Office expenses Debenture interest paid. Interim dividends paid to the ordinary shares. 100 800 50 7 1000 46 630 79 36 8 34 24 6 7 2,199 2,199 Further information: 1. The closing Inventory on 30 June 2021 was valued at BHD 30,000. 2. Premises were revalued at BHD 1,450,000 on 30 June 2021 3. BHD 3,150 outstanding receivables on 30 June 2021 to be written off. An allowance of receivables is to be made amounting 2% of remaining outstanding receivables. 4. The business has been told by its lawyers that it is likely to have to pay BHD 4,360 damages for products that failed. 5. The directors have recommended a final dividend on ordinary shares, BHD 0.09 per share. Required: 1. Prepare the required journals. (10 Marks) 2- Prepare the following financial statements in accordance with International financial reporting standards (IFRS): Statement of Profit & Loss and other Comprehensive Income (10 Marks) Statement of Changes in Shareholder's Equity (5 Marks) Statement of Financial Position (10 Marks) Notes for the financial statements (5 Marks) - build logical assumptions for any needed information