The following additional information is available: Inventory at 31 December 2019 was $90,000.- Other operating expenses included prepayment of telephone charges for the next year of $2,000.- Repairs expense of $5,500 was to be accrued at 31 December 2019. Debenture interest for the second half year of 2019 had not been paid for and recorded. Allowance for doubtful debts at 31 December 2019 was estimated to be $5,500. Depreciation was to be provided for non-current assets as follows: Office equipment 20% per annum using straight-line method I Motor vehicles 30% per annum using reducing balance method Estimated income tax expense for the year was $10,000.- The board of directors decided to transfer $30,000 from current year's profit to general reserve on 31 December 2019. Required: (1) a statement of profit or loss and other comprehensive income for the year ended 31 December 2014 (2) a statement of financial position as at 31 December 2019.- The following trial balance was extracted from the books of Pile Limited as at 31 December 2019: Debit Credit S 121,000 1,553,000 716,200 9,550 12,300 33,000 224,000 7,570 4,250 285,000 7,000 48,000 54,300 Inventory, at 1 January 2019 Sales Purchases Returns inwards Returns outwards Carriage inwards Rent and rates Other operating expenses Repairs and maintenance Wages and salaries Debenture interest Trade receivables Trade payables Directors' remuneration Cash Allowance for doubtful debts, at 1 January 2019 Office equipment -cost Motor vehicles - cost Accumulated depreciation, at 1 January 2019 - Office equipment - Motor vehicles 5% Debentures (repayable on 1 June 2026) General reserve Interim dividends Ordinary share capital Retained profits, at 1 January 2019 60,000 161,330 4,300 200,000 250,000 36,000 81,000 280,000 50,000 52,000 63,000 45,000 2,178,900 2,178,900