The following is the trial balance of Fast Foods Ireland Ltd. for the year ended 31 March Debit Credit S S Ordinary share capital 250,000 10% debentures 130,000 Buildings as per revaluation estimate 500,000 Furniture and fittings at cost 65,000 Equipment at cost 45,000 Accumulated Depreciation on fixture and fittings 35,000 Accumulated Depreciation on equipment 25,000 Opening inventory as at 1 April 4,500 Purchases 78,000 Sales 242,743 Wages and salaries 78,000 Motor expenses 8,250 Insurance 11,568 Rates Debenture interest Advertising Light and heat Telephone Carriage inwards VAT refund due Accounts receivables Accounts payable 15,897 10,000 9,870 4,520 4,320 525 980 2,500 6,890 General reserve 12,560 Share premium 20,000 Interim ordinary dividend paid 5,000 General expenses 9.353 Bad debts 2,560 Rental income 24,000 Profit and Loss account/Retained earnings as at Apr 1 12,000 Bank 2,350 Revaluation Reserve 100,000 858,193 858,193 Additional Information 1. Inventory as at 31 March was valued at $3,780 2. Accrue for debenture interest 3. Provide for corporation tax of $2,300 4. Fixtures and fittings are to be depreciated on a straight-line basis at the annual rate of 10% 5. Equipment is to be depreciated on the reducing balance basis at the annual rate of 20% 6. Transfer of $3,000 to a general reserve account. 7. Insurance prepaid at the year-end amounts to $2,000 8. Employment taxes due at the year-end amount to $3,938 9. A provision for bad debts against a specific debtor is to be made amounting to $500 Required a) Prepare a statement of comprehensive incomed for the year ended 31 March b) Prepare a statement of changes in equity for the year ended 31 March e) Prepare a statement of financial position as at 31 March