The following is the trial balance of Fast Foods Ireland Ltd. for the year ended 31 March
		Debit	Credit
		$	$
Ordinary share capital			250,000.00
10% debentures			130,000.00
Buildings as per revaluation estimate		500,000.00
Furniture and fittings at cost		65,000.00
Equipment at cost		45,000.00
Accumulated Depreciation on fixture and fittings			35,000.00
Accumulated Depreciation on equipment			25,000.00
Opening inventory as at 1 April		4,500.00
Purchases		78,000.00
Sales			242,743.00
Wages and salaries		78,000.00
Motor expenses		8,250.00
Insurance		11,568.00
Rates		15,897.00
Debenture interest		10,000.00
Advertising		9,870.00
Light and heat		4,520.00
Telephone		4,320.00
Carriage inwards		525.00
VAT refund due		980.00
Accounts receivables		2,500.00
Accounts payable			6,890.00
General reserve			12,560.00
Share premium			20,000.00
Interim ordinary dividend paid		5,000.00
General expenses		9,353.00
Bad debts		2,560.00
Rental income			24,000.00
Profit and Loss account/Retained earnings as at Apr 1			12,000.00
Bank		2,350.00
Revaluation Reserve			100,000.00
		858,193.00	858,193.00
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 income 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