The following trial balance relates to Dzibodi Ltd as at 31 December 2022: GHC000 GHC000 Revenue (note (i) 234,800 Cost of sales 164,500 Construction contract (note (ii)) 4,000 Distribution costs 13,500 Administrative expenses 16,500 Bank interest 900 Loan interest paid (note v) 4,000 Lease rental paid on 31 December 2022 (note (iii)) 9,200 Land (GHC10 million) and building (GHC40 million) at cost (note (iii)) 50,000 Owned plant and equipment at cost (note (iii)) 60,000 Accumulated depreciation at 1 January 2022: building 10,000 owned plant and equipment 20,000 Inventory at 31 December 2022 26,600 Trade receivables 56,000 Bank 7,300 Deferred tax provision (note (iv)) 8,000 Trade payables 14,300 Current tax (note (iv)) 1,000 Equity shares of 20 pesewas each 45,000 10%Loan note (note (v)) 40,000 Retained earnings at 1 January 2022 26,800 406,200 406,200 The following notes are relevant: (i) The revenue figure includes some goods sold on sale or return basis to credit customers for GHC10 million in December 2022. The terms of sale allow customers to return the goods within three months of sale. The company generally operates on a margin policy of 30%. The inventory figure in the trial balance excludes this transaction. (ii) The balance on the construction contract is made up of the following items: Cost incurred to date GHC20 million Value of contract billed (work certified) GHC16 million The contract commenced on 1 January 2022 and is for a fixed price of GHC30 million. The additional costs to complete the contract at 31 December 2022 are estimated at GHC5 million. Dzibodi Ltds policy is to accrue profits on construction contracts based on a stage of completion given by the costs incurred to date as a percentage of the total estimated costs to complete the contract . (iii) Non-current assets: Dzibodi Ltd , since its incorporation, has adopted cost model under IAS 16 to measure its land and buildings, depreciating building at the rate of 2.5% per annum on cost . Dzibodi Ltd decided to revalue its land and building, for the first time, on 1 July 2013. A qualified valuer determined the relevant revalued amounts to be GHC13 million for the land and GHC35 million for the buildings. The buildings remaining life at the date of the revaluation was revised to 25 years. This revaluation has not yet been reflected in the trial balance figures. Dzibodi Ltd does not make a transfer from the revaluation reserve to retained earnings in respect of the realisation of the revaluation surplus, neither does it recognize deferred tax implication on revaluation. The leased rental paid relates to a plant acquired under a five year lease agreement on 1 January 2022 . The rentals are GHC92 million per annum payable in arrears on 31 December each year. The auditors have advised that the arrangement constitutes a finance lease with an implicit interest rate of 10% per 2 annum. The present value of the minimum lease payments [using the implicit rate as the discount factor] at the inception of the lease approximates GHC35 million .The fair value of the plant at the inception of the lease was GHC36 million. Owned plant and equipment is depreciated at 20% per annum using the straight line method assuming nil residual value. . No depreciation has yet been charged on any non-current asset for the year ended 31 December 2022. All depreciation is charged to cost of sales. (iv) A provision for income tax for the year ended 31 December 2022 of GHC3 million is required. The balance on current tax represents the under/over provision of the tax liability for the year ended 31 December 2022. At 31 December 2022, the tax base of Dzibodi Ltds net assets was GHC30 million less than their carrying amounts. This does not include the effect of the revaluation in note (ii) above. The income tax rate of Dzibodi Ltd is 25%. (v) The 10% loan note was issued on 1 January 2022 at its nominal (face) value of GHC40 million. Interest is payable in arrears at 31 December each year. The loan note will be redeemed on 31st December 2025 at about GHC50 million [approximated for rounding off errors] which gives the loan note an effective interest rate of 15% per annum. Required: (a) Prepare the statement of profit or loss and other comprehensive income for Dzibodi Ltd for the year ended 31 December 2022. (b) Prepare the statement of financial position for Dzibodi Ltd as at 31 December 2022. Note: A statement of changes in equity and notes to the financial statements are not required