the accountant of Zul Co$.$ has prepared the following list of account balances as at$31$ December $2023.$MUR $00050$c ordinary shares $($fullY PAID$)4,50010\%$ debentures $($Secured$)2,000$Retained Earnings $01\mathrm{.}01\mathrm{.}232,420$General reserve $01\mathrm{.}01\mathrm{.}231,710$Land and buildings $01\mathrm{.}01\mathrm{.}23($cost$)4,300$Plant and Machinery $01\mathrm{.}01\mathrm{.}23($cost$)8,300$Annual DepreciationBuildings $01\mathrm{.}01\mathrm{.}23200$Plant and Machinery $01\mathrm{.}01\mathrm{.}232,220$Inventory $01\mathrm{.}01\mathrm{.}231900$Sales $26,950$Purchases $21,520$Ordinary Dividend $150$Debentures Interest $100$Wages and Salaries $2,540$Light and Heat $310$Sundry Expenses $1,130$Suspense account $4,200$Trade accounts receivable $1,790$Trade accounts payable $1,950$Cash $4,110$NOTE:$($A$)$ Sundry Expenses include MUR$90,000$ paid in respect of insurance for the yearending $01$ September $2024.$ Light and heat does not include an invoice at MUR$30,000$ for electricity for the three months ending $02$ January $2024$ which waspaid in February $2024.($B$)$ The suspense account is in respect of the following items:MUR $000$Proceeds from issue at $1,000,000$ ordinaryshares$1,200$Proceeds from sales of plant $3,0004,200$

$($C$)$ The property was acquired some years ago. The buildings element at the costwas estimated at MUR $1,000,000$ and the estimated useful at the assets wasfifty years at the time of purchase. As at $31$ December $2023,$ the property is tobe revalued at MUR $8,000,000.($D$)$ The plant which was sold had cost MUR $3,500,000$ and had a carrying amountof MUR $2,740,000$ as on $1\mathrm{.}1\mathrm{.}23.$ MUR $360,000$ depreciation is to be chargedon Machinery for $2023.($E$)$ The management wish to provide for:I. Debenture interest dueII. A transfer to general reserve at MUR $160,000$III. Audit fee of MUR $40,000($F$)$ Inventory as at $31$ December $2023$ was valued at MUR $2,200,000($cost$)($G$)$Taxation is to be ignored.REQUIREDPrepare the financial statements of Zul Co$.$ as at $31$ December $2023.$ You do notneed to produce note to the statements