The following information has been extracted from the books of Trump Ltd for the year ended 31 March 2001: Details Dr ($000) Cr (5000) 150 10 300 200 Administrative expenses Interest paid Distribution cost Called up share capital Dividends paid Cash and cash equivalents Land and Buildings: Cost as at 1 April 2000 (Land $150, Buildings $150) 9 12 50 200 Accumulated Depreciation at 1 April 2000 Plant and Machinery: Cost at 1 April 2000 Accumulated Depreciation at 1 April 2000 Accruals Retained Earnings at 1 April 2000 Trade receivable and payables Inventory as at 1 April 2000 Purchases 10% Loan Revenue 80 75 100 100 824 200 500 100 1800 2505 2505 The following information should also be taken into account: 1. Inventory at 31 March 2001 was valued at $280,000 2. Buildings and Plant and Machinery are depreciated on a straight-line basis (assuming no residual value) at the following rate: On Cost: Buildings 10% Plant and Machinery 15% 3. There was no purchases or sales of non-current assets for the year to 31 March 2001. 4. Income from other investments is worth $10,000. 5. For the current year, the prepaid insurance recorded was worth $110,000. 6. The depreciation charges for the year to 31 March 2001 are to be apportioned as follows: Cost of sales 50% Distribution costs 30% Administrative expenses 20% 7. Income tax for the year to 31 March 2001 is estimated at $150,000. 8. The loan is repayable in five years. Requirement Prepare in a form suitable for publication, the Statement of Comprehensive Income, Statement of Financial Position and Statement of Changes in Equity for the year ended 31 March 2001. (You must show all the necessary workings)