Taurus Limited list of balances year ended December 31 2013 15% Preference Share Capital $ 100,000.00 Ordinary Share Capital $ 100,000.00 General Reserves $ 16,000.00 20% Debentures $ 100,000.00 Retained Profits January 1 2013 $ 140,202.00 Sales $ 1,000,000.00 Cost of Sales $ 686,460.00 Debenture Interest paid for 2013 $ 7,500.00 Salaries $ 136,250.00 Insurance $ 13,265.00 Utilities $ 21,853.00 Office Supplies Expense $ 222.00 Rental Income $ 3,900.00 Depreciation $ 3,000.00 Telephone Expenses $ 2,000.00 Furniture $ 70,000.00 Allowance for depreciation on Furniture $ 40,000.00 Trade Debtors $ 136,270.00 Cash & Bank $ 106,480.00 Closing Stock $ 277,002.00 Trade Creditors $ 17,200.00 Preference Dividends Paid $ 15,000.00 Ordinary Dividends paid $ 20,000.00 Rent Expense $ 22,000.00 Additional Information Rent Expense owing as at Dec 31 2013 $2,000 Rental income for 2013 received in 2013 is $300 Prepaid insurance during 2013 is $2400 Corporation tax of $28,602 for 2013 Transfer $2,000 to general reserve Weighted average number of ordinary shares in issue during 2013 is $50,000 1. Prepare the Statement of Comprehensive Income for the year ended Dec 31 2013 2. Prepare the Statement of Financial Position as at Dec 31 2013