The following trial balance was extracted from the books of ABC Ltd as on 31- Dec. 2012. You are also provided with the folkowing information 1) Sock en trade 31 Dec 2012, \& 8,800 2) Provision for depreciation of motor var is to be made at the rale of 20% per annum en cosit 3) A molor van wtich had cost $800 was sold an 1 J Jan 2004 for 5240 . Depreciation provided for this van up to 31+ Dec. 2011 was $520. 4) Rases and instarance paid in advance at 31 Dec. 2012 was $112 5) The cast in bark shown include a postdated cheque of 328 which had been cashed for by a customer on 31+ Dec. 2012. 6) The amount shown in the trial balance for sales and trade debices include goods sent out an sale or return irwoiced $300 which repiresented cost plus 60%. These goods were resumed on 3 dan 2012 7) In December 2012 , goods to the cost of 25 were destruyed by fine. The insurance company has agreed to pay in full a dain for this amount, bul no entry has been made to company's boaks. 8) Directors have decided to recommend a dividend of 10% for the year. Required 1. Prepare a published income stakement as per the companies Act. Prepare a pusifstied Statement of finaricial position as at 31- Dec. 2012 The following trial balance was extracted from the books of ABC Ltd as on 31- Dec. 2012. You are also provided with the folkowing information 1) Sock en trade 31 Dec 2012, \& 8,800 2) Provision for depreciation of motor var is to be made at the rale of 20% per annum en cosit 3) A molor van wtich had cost $800 was sold an 1 J Jan 2004 for 5240 . Depreciation provided for this van up to 31+ Dec. 2011 was $520. 4) Rases and instarance paid in advance at 31 Dec. 2012 was $112 5) The cast in bark shown include a postdated cheque of 328 which had been cashed for by a customer on 31+ Dec. 2012. 6) The amount shown in the trial balance for sales and trade debices include goods sent out an sale or return irwoiced $300 which repiresented cost plus 60%. These goods were resumed on 3 dan 2012 7) In December 2012 , goods to the cost of 25 were destruyed by fine. The insurance company has agreed to pay in full a dain for this amount, bul no entry has been made to company's boaks. 8) Directors have decided to recommend a dividend of 10% for the year. Required 1. Prepare a published income stakement as per the companies Act. Prepare a pusifstied Statement of finaricial position as at 31- Dec. 2012