The following is the unadjusted Trial Balance of Heart Ltd. as at 31 March 2022: Dr ($) Cr ($) Plant & machinery 580,000 Accumulated depreciation - Plant & machinery 140,000 Trade receivables 440,000 Motor vehicles 370,100 Accumulated depreciation - Motor vehicles 110,500 Cash at bank 490,620 Trade payables 278,000 Allowance for receivables 14,100 Inventory 368,900 Ordinary share capital @ $1.00 each 800,000 Retained profits b/f 360,148 10% debentures (due in 5 years) 200,000 Net profit (before adjustment) 346,872 2,249,620 2,249,620 Additional information: (i) The debentures were issued on 1 October 2021. The interest is to be accrued as at year end. (ii) Dividends paid amounting to $9,000 was omitted in the accounts. (iii) Trade receivables of $30,000 for a bankrupt customer is to be written off. As at 31 March 2022, Heart Ltd. decided to make an allowance for receivables amounting to 5% of the outstanding balance. (iv) It is the company's policy to depreciate plant and machinery at 10% per annum using the straight-line method and vehicles at 20% per annum using the reducing balance method. Required: (a) Prepare journal entries based on the above information. Ignore narration. (6 marks) Calculate the net profit after adjustment for the year ended 31 March 2022. Show all your workings clearly. (3 marks) Prepare the Statement of Financial Position as at 31 March 2022. (7 marks)