The following appeared in the ledger PORTO Manufacturing Company Ltd after the preparation of the Income Statement. Ordinary Share Capital SH. 100,000 8% Preference Share Capital 40,000 Finished Goods Inventory 29,000 Fixed Assets at cost 141,000 Provision for Depreciation - Fixed Assets 55,200 Reserve for increased replacement of Fixed Assets 15,000 Interim Ordinary Dividend paid 7,500 Receivables 59,200 Payables 40,400 Work-in-progress 36,000 Raw Material stock 26,000 Bank Overdraft 10,000 4,000 1,600 35,700 Profit & Loss Account balance 1st January 2016 Preference Dividend paid 30th June 2016 Net Profit for 2016 The following additional information was provided: 1) The Authorized Capital of the business is 300,000 Ordinary Shares of Sh.0.50 each and 75,000 8% preference shares of Sh.1.00 each. 2) A final dividend of Sh.0.625 per ordinary share is proposed. 3) The Reserve for Increased Replacement costs of Fixed Assets is to be increased to Sh.20,000. REQUIRED: (i) A profit and Loss Appropriation Account for the year to 31st December 2016. (10 Marks) (ii) Statement of Financial position as at the same date. (9 Marks)