The following are extracts from the income statement for the year ended 31 December 2020 and the balance sheet as at 31 December 2020

Sales revenue test at sales Distributian casts Administrative expenses Met interest Taxation Dividends Mencurrent assets {Zurrent assets Inventories Trade receivables 3,000.00 Investments 1,500.00 Cash and bank 500.00 Current liabilities Bank overdraft 1,650.00 Trade payables 6,000.00 Taxation 1,000.00 Dividend (proposed) 200.00 Non-current liabilities Loan 1,000.00 Equity Ordinary shares 4,000.00 Share premium account 4,650.00 Retained earnings 11,500.00