The following additional information is available:$1.$At September $30,2023$ closing inventory was $$32,0002.$ The Accountant has determined that the estimate for the provision for bad debts at September $30,2023$ is $10\%$ of debtors$\mathrm{.}3.$At the end of the period it was discovered that one employee was owed $$2,000$ in salaries while another was overpaid by $$4,000.$ Additionally insurance prepaid was $$3004.$ The following appropriation of the expenses must be made Admin. Selling & Dist. Rent $80\%.20\%$wages & salary $60\%.40\%$Insurance $50\%.50\%$Prov. For depreciation. $70\%.30\%5.$ On June $1,2023$ the company rented some of its office space to Breezy Ltd$.$ At that date Breezy Ltd paid rent covering the next nine months$\mathrm{.}6.$ Depreciation should be provided as follows:Land $-$ nilBuildings $-2$ percent per year on costFurniture & Fittings $-20$ percent per year on reducing balance$7.$ Goodwill impairment was estimated to be $20\%\mathrm{.}8.$ Corporation tax is estimated to be $$42,0009.$ The directors proposed on September $20,2023$ to pay the final preference dividends.At a board of directors meeting on October $19,2023$ the directors evaluated the performance of the business over the past financial year and proposed to pay a further $6\%$ ordinary dividend.Required:$($a$)$ Prepare the following for McKie Ltd for the financial year ending September $30,2023$:i$.$ Statement of Profit or Lossii. Statement of changes in equity iii. Statement of Financial Position.$($b$)$ Calculate the following ratios for McKie Ltd: i$.$ Current ratioii.Gearing ratioili.Debt to Equity ratioiv. Return on capital employedv. Return on shareholders' equity$($c$)$ Write a report to management on the Liquidity, Solvency, and Profitability of McKie Ltdrelative to the industry's performance below:Current ratio $-1\mathrm{.}5$:$1$Gearing ratio $-35\%$Debt to Equity $-0\mathrm{.}45$: $1$Return on capital employed $-35\%$ Return on shareholders' equity $-40\%($d$)$ "Internally generated Goodwill can be recognized in the financial statements under certainconditions." Please discuss the preceding statement making reference to any relevant accounting standard.