+ Statement of Financial Position As at 30 June 2023 Deposits at call Accounts receivable Allowance for doubtful debts Inventory Prepaid Insurance Land Buildings Accumulated depreciation Plant Accumulated depreciation 2023 2022 $ $ 30 000 19 000 320 000 340 000 (15 000) 670 000 55 000 400 000 1 850 000 (235 000) 940 000 (452 000) 3 563 000 (19 000) 654 000 52 000 400 000 1 175 000 (200 000) 850 000 (375 000) 2 896 000 140 000 Bank overdraft Accounts payable Interest payable Dividend payable Current tax payable Borrowings Deferred tax liability Share capital Retained earnings 49 000 570 000 553 000 30 000 25 000 230 000 205 000 77 000 70 000 1 300 000 900 000 16 000 1 000 000 291 000 3 563 000 12 000 800 000 191 000 2 896 000 Income Statement of Comprehensive Income Revenue (sales) Cost of sales Gross profit For year ended 30 June 2023 Gain on sale of plant Distribution expenses Administration expenses Interest expense Profit before tax Income tax expense Profit for the period Other comprehensive income Total comprehensive income $8 550 000 (4 517 000) 4 033 000 18 000 (4 997 000) (2 721 000) (70 000) 780 000 (250 000) 530 000 $ 530 000