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 (5000) Cr (5000) 500,000 20,000 138,000 200,000 500,000 182,000 160,000 70,000 Ordinary Share Capital Share Premium Retained Earnings at 1* April 2000 8% Loan Building: Cost at 14 April 2000 Accumulated Depreciation at 1* April 2000 Plant & Machinery: Cost at 1" April 2000 Accumulated Depreciation at 1* April 2000 Additional purchase of machinery Trade payables Accrued Expenses Inventory as at 31* March 2001 Trade receivables Prepaid Expenses Cash & cash equivalents Profit for the year (subject to items in the following notes) Interim dividend paid Sale proceeds of plant 30,000 250,000 80,000 450,000 330,000 150,000 150,000 320,000 10,000 20,000 Total 1780,000 1780,000 The 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 6th 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. Requirement Prepare in a form suitable for publication, Statement of Financial Position and Statement of Changes in Equity for the year ended 31* March 2001. (You must show all the necessary workings)