The following balances have been extracted from the books of Margo Ltd for the year to 31 January 2017:

Additional information: 1 Corporation tax owing at 31 January 2017 is estimated to be 3000. 2 Margo Ltds authorised share capital is 75,000 of 1 ordinary shares. 3 A dividend of 10p per share is proposed.

Required: Prepare Margo Ltds statement of profit or loss and statement of retained earnings for the year to 31 January 2017 and a statement of financial position as at that date.

5.4* The following balances have been extracted from the books of Margo Ltd for the year to 31 January 2017: Dr 5000 Cr 70000 Cash at bank and in hand Plant and equipment: At cost Accumulated depreciation (at 31.1.17) Retained earnings (at 1.2.17) Profit for the financial year (to 31.1.17) Share capital (issued and fully paid) Inventory (at 31.1.17) Trade payables Trade receivables 25000 15000 10000 50000 17000 12000 20000 112000 112000 Additional information: 1 Corporation tax owing at 31 January 2017 is estimated to be 3000. 2 Margo Ltd's authorised share capital is 75,000 of 1 ordinary shares. 3 A dividend of 10p per share is proposed. Required: Prepare Margo Ltd's statement of profit or loss and statement of retained earnings for the year to 31 January 2017 and a statement of financial position as at that date