The following has been extracted from the trial balances of Treasure Lid for the last two years: 2019 2018 (S'000) ($'000) Sales (all on credit) 5,250 ,500 Cost of goods sold 2,730 780 Doubtful debts expense 525 150 Interest expense 420 120 Salaries 630 180 Depreciation 210 60 Gain on sale of plant 185 30 Cash 3,264 794 Inventory 3,780 1,080 Accounts receivable 5,600 1,600 Allowance for doubtful debts 560 160 Land 3,150 20 Plant 2,100 900 Accumulated depreciation 490 500 Bank overdraft 4,890 140 Accounts payable 4,280 80 Accrued salaries 462 1,200 Long-term loan 2,240 132 Share capital 2,800 640 Dividends paid 190 800 Retained earnings 1,442 Additional information: plant with a carrying value of $80 000 (original cost $400 000 and accumulated depreciation of $3200,000) was sold during the year. new plant and new land were acquired during the year Required: (a) prepare an Income Statement for the year ending 30 June 2019 (use the space available on page 4) (b) calculate the closing balance of retained earnings as at 30 June 2019 (use the t-account on page 4) c) prepare a Statement of Financial Position as at 30 June 2019, showing comparative information for the prior year (use the space available on page 5) (d) prepare a Statement of Cash Flows (and reconciliation of profit to operating cash flows) for the year ending 30 June 2019, showing all workings (use the space available on page 6 for the t-accounts and the space available on pages 7 and 8 for the Statement of Cash Flow and supporting notes)