The following is available for Sparkle Ltd Manufacturers for the year ended 28 February 2019: Balances Direct material Work in process Finished products Rent paid in advance - factory Water & Electricity in arrears - factory 01 March 2018 14 000 6 000 1 000 1 000 700 28 February 2019 19 000 40 000 2 700 Transaction occurred during the year - all cash, all factory: Water & electricity - factory Indirect wages - factory Material purchased cash (direct) Depreciation factory Indirect material purchased cash Indirect material used Direct labour Other overheads paid Insurance-factory Rent-factory Direct material used Additional information: 20 000 10 000 60 000 8 000 14 000 12 000 75 000 12 000 14 000 28 000 55 000 . . . . Overheads are allocated at 200% of direct material cost Rent in arrears at the end of 2019 was N$ 800 Water & electricity in arrears at the end was N$ 600 Overhead applied are recovered against cost of sales Finished products are transferred to the sales department at cost price plus 20% You are required to: a) The Manufacturing Cost Statement for Sparkle Ltd Manufacturers for the year ended 28 February 2019 (14 marks) b) Prepare the following general ledger account for the year ended 28 February 2019 Manufacturing overhead account. (7 marks) c) Prepare the extracted statement of financial position as at 28 February 2021 only showing inventory (5 marks) c) Explain the concept of unrealised profits and when it may be applied