The Dinlox Corp. has produced the following trial balance as at December $31,2011$:

Additional information:

a$.$ Fixtures and fittings are to be depreciated at $10\%$ on the reducing balance basis

and motor van at $10\%$ on cost$.$ Depreciation is shared equally between

administrative expenses and selling and distribution costs

b$.$ The total preference share dividend will be honoured

c$.$ Corporation tax is estimated at $$80,000$

d$.$ Transfer $$30,000$ to the general reserves

e$.$ Goodwill impairment is estimated to be $10\%$

f$.$ The provision for depreciation is to be adjusted to $10\%$ of debtors

Required:

Prepare the following financial statements for the year:

i$.$ Statement of profit or loss

ii$.$ Statement of changes in equity

iii. Statement of financial position

iv$.$ Prepare Statement of Cash Flows