The following balances were obtained from the books of Hakuna Matata plc as at August $31,$

$2014$:

Additional information:

a$)$ Provide for depreciation as follows: fixtures and fittings $10\%$ on the reducing

balance, and motor vehicles $10\%$ on the straight$-$line basis

b$)$ Wages and salaries for $$5,000$ is prepaid; while insurance is owing by $$7,000$

c$)$ The preference shares dividend is to be accounted for

d$)$ Goodwill impairment amounted to $25\%$

e$)$ Corporation tax is estimated at $$25,000$

f$)$ The following expenses must be appropriated:

Required:

Prepare the final accounts for the year ended August $31,2014.$

Required:

Prepare the following:

$1.$ The statement of profit and loss for the year ending August$31,2014$

$2.$ The statement of change in equity for the year ending August $31,2014$

$3.$ The statement of financial position as at August $31,2014.$