The following are the balances extracted from the Consolidated Fund of Public Acc the year ended 31" December, 2020 och Consumption of fixed Capital FC. - Miscellaneous Direct Taxes Social Security Benefit in Kind Swat 13.5% SSF Contribution to Project Grant Growt Fines, Penalties and Forfeitures How the Materials and Office Consumables had General Taxes on Goods & Services in Travel & Transport gasit Social Assistance Benefits soud Se RC Established Post- salaries Domestic Debt Interest Gratuity compen(omps) Training. Seminar and Conference Cost Extemal Debt Interest Allowances to Employees Compi Repairs and Maintenance Content Property Income Cash & Bank Balances (AC) Advances & Receivables FA Taxes on Exports tect Long Term Receivables FA Non-Established Post-salaries Payables Hability Accumulated Surpluses (1/1/2020) Deposit and Other Trust Monies Liabiks Short-Term Borrowing Lashes Taxes paid by individuals diveJ Subsidy on Petroleum Products indirect Fertilizer Subsidies in Sri Equity Investment FA End of Service Benefit Com Infrastructure, Plant & Equipment HF Taxes paid by Companies & Enterprise Work-In-Progress MFA Domestic Debt teeb Extemal Debt Li Sith Employer Social Benefits in Cash Soap Other Expenses (note i) Excise Duties in GH000 208,878 98.238 66,120 45,000 9,370 25,928 117 526 265,064 41,610 68,678 800,800 40,200 20,000 54,250 83,772 56,000 34,560 25,000 1,960,898 60,164 581,588 2,836,616 400,104 1.211.044 (61,343,676) 3.752,412 11,299,822 810,436 15.000 24,068 3,619.752 25,880 2,028,806 135,784 304,880 23.719,588 32,283,148 30,500 22,584 92,900 beet Additional Notes: i) Other Expenses During the year, the Government of Ghana benefited from free services provided from medical experts who were task forces of the British Government. The main object of this task force was to help curb cholera in the country. The fair value of these services amounted to GHC 18,740,000. It is the policy of Government to include goods and services received during the year in kind in its financial statements et fair values. ii) The annual estimates for the year ending 2020 were as follows: Annual Budget Revised Budget GH *000 GH"000 Revenue Direct Tax 800,000 940,000 Indirect Tax 1,000,000 1.200.000 Grants 40,000 56,000 Non- Tax Revenue 474000 49.000 Total Revenue 1.887.000 2.245.000 Expenditure Compensation of employees Use of goods & Services Public Debt interest Social Benefits Exchange Difference Government Subsidies Other Expenses Consumption of Fixed Capital Total Expenditure Surplus/Deficit 1,367.688 345,672 120,984 187,590 35,000 26,442 35,000 192.000 2.310.376 (423,376) 1.400,040 398,300 112,560 168,954 38,676 29,650 32,000 202.770 2.382.950 (137,950) Required: a) Prepare a Statement of Revenue and Expenditure of the Consolidated Fund for the year ended December 31, 2020 indicating the accompanying variances to the statement b) Prepare a Statement of Financial Position of the Consolidated Fund as at December 31. 2020, The following are the balances extracted from the Consolidated Fund of Public Acc the year ended 31" December, 2020 och Consumption of fixed Capital FC. - Miscellaneous Direct Taxes Social Security Benefit in Kind Swat 13.5% SSF Contribution to Project Grant Growt Fines, Penalties and Forfeitures How the Materials and Office Consumables had General Taxes on Goods & Services in Travel & Transport gasit Social Assistance Benefits soud Se RC Established Post- salaries Domestic Debt Interest Gratuity compen(omps) Training. Seminar and Conference Cost Extemal Debt Interest Allowances to Employees Compi Repairs and Maintenance Content Property Income Cash & Bank Balances (AC) Advances & Receivables FA Taxes on Exports tect Long Term Receivables FA Non-Established Post-salaries Payables Hability Accumulated Surpluses (1/1/2020) Deposit and Other Trust Monies Liabiks Short-Term Borrowing Lashes Taxes paid by individuals diveJ Subsidy on Petroleum Products indirect Fertilizer Subsidies in Sri Equity Investment FA End of Service Benefit Com Infrastructure, Plant & Equipment HF Taxes paid by Companies & Enterprise Work-In-Progress MFA Domestic Debt teeb Extemal Debt Li Sith Employer Social Benefits in Cash Soap Other Expenses (note i) Excise Duties in GH000 208,878 98.238 66,120 45,000 9,370 25,928 117 526 265,064 41,610 68,678 800,800 40,200 20,000 54,250 83,772 56,000 34,560 25,000 1,960,898 60,164 581,588 2,836,616 400,104 1.211.044 (61,343,676) 3.752,412 11,299,822 810,436 15.000 24,068 3,619.752 25,880 2,028,806 135,784 304,880 23.719,588 32,283,148 30,500 22,584 92,900 beet Additional Notes: i) Other Expenses During the year, the Government of Ghana benefited from free services provided from medical experts who were task forces of the British Government. The main object of this task force was to help curb cholera in the country. The fair value of these services amounted to GHC 18,740,000. It is the policy of Government to include goods and services received during the year in kind in its financial statements et fair values. ii) The annual estimates for the year ending 2020 were as follows: Annual Budget Revised Budget GH *000 GH"000 Revenue Direct Tax 800,000 940,000 Indirect Tax 1,000,000 1.200.000 Grants 40,000 56,000 Non- Tax Revenue 474000 49.000 Total Revenue 1.887.000 2.245.000 Expenditure Compensation of employees Use of goods & Services Public Debt interest Social Benefits Exchange Difference Government Subsidies Other Expenses Consumption of Fixed Capital Total Expenditure Surplus/Deficit 1,367.688 345,672 120,984 187,590 35,000 26,442 35,000 192.000 2.310.376 (423,376) 1.400,040 398,300 112,560 168,954 38,676 29,650 32,000 202.770 2.382.950 (137,950) Required: a) Prepare a Statement of Revenue and Expenditure of the Consolidated Fund for the year ended December 31, 2020 indicating the accompanying variances to the statement b) Prepare a Statement of Financial Position of the Consolidated Fund as at December 31. 2020