Samuel Ple is a quoted company with an authorized share capital of $600,000 consisting of ordinary shares of $1 each. The company prepare its accounts on 31" March each year and trial balance before adjustments, extracted on 31" March 2001 is as follows: Details Dr Cr ($000) ($000) Ordinary Share Capital 500,000 Share Premium 20,000 Retained Earnings at 1" April 2000 138,000 8% Loan 200,000 Building: Cost at 1" April 2000 500,000 Accumulated Depreciation at 1 April 2000 182,000 Plant & Machinery: Cost at 1" April 2000 160,000 Accumulated Depreciation at 1" April 2000 70,000 Additional purchase of machinery 30,000 Trade payables 250,000 Accrued Expenses 80,000 Inventory as at 31" March 2001 450,000 Trade receivables 330,000 Prepaid Expenses 150,000 Cash & cash equivalents 150,000 Profit for the year (subject to items in the following notes) 320,000 Interim dividend paid 10,000 Sale proceeds of plant 20,000 Total 1780,000 1780,000The following information should also be taken into account: i. The loan is repayable at par by five equal installments starting on 31" December 2001, ii. Plant which was disposed had originally costed $50,000 and depreciation of $9000 had been charged by the date of disposal. iii. Annual depreciation is calculated using the straight-line method with building at 5% and plant & machinery at a rate of 15%. iv. A final dividend of 50 cents per share is declared on 6" April 2001. V. Tax for the year is $30,000. vi. During the year, 200,000 shares were issued at $1.10 each. This share issue had been accounted for