Stellar Ltd prepares accounts to 31 March every year. Its latest trial balance for the year ended 31 March 2020 is provided below.

Stellar Ltd Trial Balance as at 31 March 2020

	DR	CR
	000's	000's
Ordinary shares of 0.50 each		90,000
Share premium account		60,000
6% 1 preference shares (redeemable in year 2030)		4,000
Preference dividends paid	240
Property at cost	106,000
Plant and equipment at cost	69,500
Bank	32,000
8% Debentures (redeemable in year 2040)		5,000
Retained earnings		21,500
Accumulated depreciation on property at 1 April 2019		15,400
Accumulated depreciation on plant and equipment at 1 April 2019		9,600
Inventories at 1 April 2019	7,960
Purchases	75,500
Trade payables		28,900
Trade receivables	86,000
Sales revenue		190,250
Bad debts written off	2,200
Staff costs	14,650
General expenses	8,600
Rent	14,000
Other expenses	8,000
	424,650	424,650

Additional information as at 31 March 2020 is provided below:

1. Inventories at close of business on 31 March 2020 was valued at 17,500,000 at cost.
2. A cash dividend of 0.10 per share was paid to ordinary shareholders on 27 March 2020. No entries have been made in the accounts for this transaction.
3. Due to the contractual obligation to pay preference dividends, the company recognises and accounts for preference shares as a liability.
4. Depreciation is to be provided for the year ending 31 March 2020 as follows:
   1. Property at 1% per annum on cost.
   2. Plant and equipment at 5% per annum on a reducing balance basis.
   3. The depreciation charge for the year is to be apportioned to administrative and distribution expenses as per the table below:

Depreciation Charge on	% charged to administrative expenses	% charged to distribution expenses
Property	80%	20%
Plant and equipment	40%	60%

5. Interest on the debentures has not yet been paid and needs to be accrued for the year.
6. To be prudent, the directors wish to create an allowance for receivables equal to 1% of trade receivables. It is company policy to classify all bad debts and any allowances for receivables as distribution expenses.
7. Staff costs outstanding at the financial year end amounted to 500,000 and other expenses included 300,000 which had been paid in advance. Both these expenses are chargeable 60% to administration and 40% to distribution.
8. The amount for rent in the trial balance above relates to the period 1 April 2019 to May 2020. Rent expense is charged 30% to administration and 70% to distribution.
9. Half of the general expenses relate to administration and half to distribution.
10. The corporation tax charge is to be provided at 20% of profits after charging all expenses and interest

Prepare the Statement of Profit and Loss, the Statement of Changes in Equity and the Statement of Financial Position of Stellar Ltd for the financial year end 31 March 2020. (You should show all your workings).