Step by step solution needed in each part with answers thanks

The following information has been extracted from the accounting records of Knight plc: Trial Balance as at 30 September 2014 Administration costs Advertising Application monies Bank overdraft Debenture interest Deferred taxation Directors' remuneration Dividend Fixtures (cost) Fixtures (depreciation) Inventories as at 1 October 2013 Mortgage debenture 6% 2016 Machinery (cost) Machinery (depreciation) Patents Purchases Rent, rates and insurance of factory Retained earnings at 1 October 2013 Revenue Share capital 25p ordinary shares Trade payables Trade receivables (000s) 360 120 80 86 3 12 180 20 400 100 324 100 800 260 64 1,400 248 2,640 800 164 400 Additional information (a)The application monies represent the monies paid for a recent issue of 200,000 new shares. The issue price was 30 pence payable in full on application. No entries have yet been made in the accounting records to update the records in respect of this issue (b) A dividend of 20,000 was paid during the year in respect of the previous financial year and the directors have proposed a dividend of 10,000 in respect of the current year (c) Depreciation is yet to be charged as follows Fixtures depreciation is 25% on cost. Machinery depreciation is 20 % of the reducing balance (d) The tax charge is estimated as 20,000 (e) Closing inventories at 30 September 2014 are 260,000 (i)Prepare Knight plc's statement of profit or loss for the year ended 30 September 2014, its statement of financial position and its statement of changes in equity at that date. These should be in a form suitable for publication. (17 marks) (ii) Analyse and comment on the liquidity position of Knight plc. (3 marks) [Total 20 marks] The following information has been extracted from the accounting records of Knight plc: Trial Balance as at 30 September 2014 Administration costs Advertising Application monies Bank overdraft Debenture interest Deferred taxation Directors' remuneration Dividend Fixtures (cost) Fixtures (depreciation) Inventories as at 1 October 2013 Mortgage debenture 6% 2016 Machinery (cost) Machinery (depreciation) Patents Purchases Rent, rates and insurance of factory Retained earnings at 1 October 2013 Revenue Share capital 25p ordinary shares Trade payables Trade receivables (000s) 360 120 80 86 3 12 180 20 400 100 324 100 800 260 64 1,400 248 2,640 800 164 400 Additional information (a)The application monies represent the monies paid for a recent issue of 200,000 new shares. The issue price was 30 pence payable in full on application. No entries have yet been made in the accounting records to update the records in respect of this issue (b) A dividend of 20,000 was paid during the year in respect of the previous financial year and the directors have proposed a dividend of 10,000 in respect of the current year (c) Depreciation is yet to be charged as follows Fixtures depreciation is 25% on cost. Machinery depreciation is 20 % of the reducing balance (d) The tax charge is estimated as 20,000 (e) Closing inventories at 30 September 2014 are 260,000 (i)Prepare Knight plc's statement of profit or loss for the year ended 30 September 2014, its statement of financial position and its statement of changes in equity at that date. These should be in a form suitable for publication. (17 marks) (ii) Analyse and comment on the liquidity position of Knight plc. (3 marks) [Total 20 marks]