The following is the trial balance of Fast Foods Ireland Ltd. for the year ended 31 March Ordinary share capital 10% debentures Buildings as per revaluation estimate Furniture and fittings at cost Equipment at cost Accumulated Depreciation on fixture and fittings Accumulated Depreciation on equipment Opening inventory as at 1 April Purchases Sales Wages and salaries Motor expenses Insurance Rates Debenture interest Advertising Light and heat Telephone Carriage inwards VAT refund due Accounts receivables Accounts payable General reserve Share premium Interim ordinary dividend paid General expenses Bad debts Rental income Profit and Loss account/Retained earnings as at Apr 1 Bank Revaluation Reserve Additional Information Debit Credit S S 250,000 130,000 500,000 65,000 45,000 35,000 25,000 4,500 78,000 242,743 78,000 8,250 11,568 15,897 10,000 9,870 4,520 4,320 525 980 2,500 6,890 12,560 20,000 5,000 9,353 2,560 24,000 12,000 2,350 100,000 858,193 858,193 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 c) Prepare a statement of financial position as at 31 March