The following trail balance was extracted from the books of Vixen Limited as at 31 May 2020

	000	000
Ordinary share capital 10 each		22,500
Share premium		1,200
10% Debentures		1,500
General Reserves		1,500
Retained Earnings		2,430
10% Preference Shares		12,000
Goodwill	3,750
Inventory	4,185
Purchases/Sales	33,270	56,955
Discounts	510	753
Salaries	4,275
Rent and insurance	2,553
Office expenses	2,208
Director's Remuneration	750
Interim Dividends: Preference	480
Interim Dividends: Ordinary	2,250
Financial asset at fair value	12,000
Accounts receivable/payable	3,600	3,015
Provision for doubtful debts		420
Bank	1,917
Building	25,500
Furniture and fittings	2,250
Motor Vehicles	12,000
Provision for depreciation: Furniture		450
Provison for depreciation: Motor Vehicles		4,650
Debenture interest	75
Investment income		4,200
	111,573	111,573

Notes

1. The cost and net realisable value of inventory as at 31 May 2020 was 4,200,000 and 3,950,000 respectively.

2. Invoices received amounting to 500,000 had erroneously been treated as invoices issued

3. Depreciation is to be provided as follow:

- Furniture and fittings at 10% reducing balance basis

- Motor vehicles at 20% on straight line basis

4. Provision for doubtful debts to be adjusted at 300,000

5. Irrecoverable debts amounting to 50,000 to be written off

6. Insurance amounting to 600,000 had been paid to cater for a period of one year ending 31 August 2020

7. Provisions for accured debenture interest and preference dividend are to be made

8. Corporate tax for the year is estimated at 1,750,000

9. A final dividend of 10% was declared

You are required to prepare and upload

a. Working in the form of ledgers

b. Adjusted trail balance for the year ended 31 May 2020

c. Statement of income for the year ended 31 May 2020

d. Statement of financial position as at 31 May 2020

e. Statement of changes in equity for the year ended 31 May 2020