The following trial balance is for A plc for the year ended 30/06/2020. 1 Ordinary share capital 10% Debentures 5% Bank loan (long term) Share premium Retained profits Premises at cost Equipment at cost 000 000 350 140 60 20 50 450 100 20 200 45 1000 45 500 82 Vehicles at cost Equipment - accumulated depreciation Vehicles-accumulated depreciation Sales Inventory 1 July 2019 Purchases Receivables Payables Rates 40 Insurance 20 General expenses 22 Energy bills 25 Audit fee 13 62 62 Bad debt Directors' remuneration Debenture interest 1 52 10 Interest on Bank loan 3 Salaries and wages 150 Cash 3 Bank 10 Interim ordinary dividend paid 21 Totals 1747 1747 Additional information as at 30/06/2020: Inventory was valued at 50,000. Insurance prepaid 3,000. Energy bills accrued 2,000. Audit fee accrued 2,000 Rates prepaid 4000 Debenture interest to be accrued The equipment to be depreciated by 25% on reducing balance The vehicles to be depreciated by 20% on straight line. The directors wish to provide 22,000 for taxation. Required: The directors propose a final ordinary dividend of 10p per share. a) Income Statement for the year ended 30/06/2020. b) Statement of Financial Position as at 30/06/2020. [20 marks] [20 marks]