The following is the Trial Balance of ABC Ltd as at 31 August 2019 SNZ 000S SNZ 000 20.893 20910 50.000 1.100 16.000 Accounts Payable Accounts Receivable Accumulated Depreciation Property. Plant & Equipment Amortisation of Intangibles Asset Revaluation Reserve Cash & Cash Equivalents Cost of Goods Sold Dividends Paid Employees Benefits Finance Expense General and Administration Expenses Intangible Assets Inventories Marketing & Distribution Expenses Mortgage (paid off in equal instalments over 10 years) Property Plant & Equipment Provision for Employee Benefits Rent Received Retained Earnings 31 August 2018 Sales Ordinary Share Capital Term Loan (repayable 1 December 2023) 2375 72 351 4.785 55.001 5674 19068 37794 39.684 20.025 42.583 154756 847 2.163 20.108 199,479 56,450 25,000 433 523 433.523 Additional Information below not yet recognised in the above figures (rounded to '000s as in the Trial Balance above) a. An additional $750 needs to be recorded to recognise additional employee benefits accrued at year and b. Marketing & Distribution include $3.700 costs of an advertising campaign which will not commence until the end of September 2019 c. Deposits included in Sales for work to be carried out in September amounted to $2.000 d. Depreciation on Property Plant and Equipment for the year of $7.300 needs to be recorded e. The Taxation Expense for the year is $6.180 A final dividend for the 2019 year of $5.500 was declared and ratified in August 2019 REQUIRED A. Prepare the journal entries to record the above transactions. Dates and narrations not required B. Prepare the Income Statement showing EBIT in accordance with GAAP for the 2019 year C. Prepare the Balance Sheet in accordance with GAAP for the 2019 year end