The following trial balance relates to Sapphire plc at $30$ June $2023.$

$000000$

Revenue $290,000$

Purchases $213,415$

Distribution costs $6,890$

Administrative expenses $12,700$

Loan interest paid $500$

Property $-$ cost $($Land $30,000,000,$ Buildings $120,000,000)150,000$

Property $-$ accumulated depreciation $38,400$

Plant & equipment $-$ cost $176,285$

Plant & equipment $-$ Accumulated depreciation $48,600$

Trade receivables $31,600$

Dividends received $210$

Inventory at $30$ June $202215,200$

Cash at bank and in hand $1,950$

Trade payables $25,400$

Dividend paid $400$

Short$-$term investments $2,700$

Revaluation surplus $30,000$

Called up ordinary share capital of $0\mathrm{.}50$ each $150,000$

Share premium $9,000$

$10\%$ Loan notes $10,000$

Irrecoverable debts $15$

Allowance for receivables $1,500$

Taxation $1,285$

Retained earnings $9,830$

Total: $612,940612,940$ The following notes are relevant:

$1.$ Closing inventory was valued at $18,100,000.$ Included in the closing inventory balance were goods that had cost $15,000.$ These goods had become damaged during the year, and it is considered that the goods could be sold for $5,000,$ after paying commission of $1,000.$

$2.$ Towardstheendoftheyear,anequipmentcosting$30,000$hadbeen purchased on credit but not recorded in company$$s accounts. Company$$s depreciation policy is to charge a full year$$s depreciation in the year of acquisition and none in the year of disposal.

$3.$ The building is being depreciated on a straight$-$line basis over its estimated useful life of $25$ years.

$4.$ Plant and equipment are being depreciated on the reducing balance basis at a rate of $20\%$ per annum.

$5.$ The depreciation charges for the year are to be apportioned as follows: Cost of sales $50\%$

Distribution costs $30\%$ Administrative expenses $20\%$

$6.$ The directors have estimated the provision for income tax for the year to $30$ June $2023$ at $2,500,000.$

$7.$ The $10\%$ loan note was issued on $1$ July $2022$ and is repayable five years from that date. Interest for the last $6$ months is accrued at the year end.

$8.10,000$ of the administration costs belonged to the year ending $30$ June $2024.$

$9.$ During the year, company made a $1$:$20$ rights issue of ordinary shares at $1\mathrm{.}50$ per share. This issue has not been recorded in the books yet.

$10.$Before the end of the year company made a $1$:$10$ bonus issue $($after the rights issue$).$ This has NOT been accounted for in the trial balance.

$11.$The authorised share capital of the company is $800,000,0000\mathrm{.}5$ ordinary shares.

$12.$The allowance for receivables is to be maintained at a level of $5\%$ after further irrecoverable debts of $50,000.$

$13.$The directors proposed a final dividend of $270,000$ on $3$ July $2023.$

Required: Prepare the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of financial position for year ended $30$ June $2023.$

Note: Show all workings, notes are not required.