The following trial balance was extracted from the books of Jim PLC as at 31 March 2019: Dr Cr $ $ Advertising 3,000 Cash & Cash equivalents 30,000 Creditors 12,000 Debtors 118,000 Furniture and fittings: At cost 20,000 Accumulated depreciation (at 1 April 2018) 9,000 Directors' fees 6,000 Retained earnings (at 1 April 2018) 13,000 Purchases 124,000 Rent and rates 10,000 Sales 270,000 Share capital (issued and fully paid) 95,000 Inventory (at 1 April 2018) 16,000 Telephone and stationery 5,000 Transportation expenses 2,000 Vehicles: At cost 40,000 Accumulated depreciation (at 1 April 2018) 10,000 Wages and salaries 24,000 Rental income 22,000 General reserve 20,000 Investments 28,000 Loss on discontinued operations 25,000 451,000 451,000 Additional information: 1. Inventory at 31 March 2019 valued at cost amounted to $14,000. 2. Furniture and fittings, and the vehicles are depreciated at a rate of 15% and 25%, respectively, on cost. 3. The investments had a market value of $30,000 at 31 March 2019. 4. Bad debts of $900 is yet to be recorded in the books. Provision for doubtful debts is to be made equal to 3% of outstanding debtors as at 31 March 2019. 5. Salaries paid in advance amounted to $4,000. 6. An accrual of $2,000 is required for transportation expenses. 7. Corporation tax owing at 31 March 2019 is estimated to be $20,000 8. Financing costs is $10,000 for the year. 9. The company decided to make a rights issue of 2 for 5 at $1.20 per share 10. A dividend of $0.40 per share is proposed. 11. Ordinary dividend was declared just before the year-end of $0.10 per share. That remains to be paid. Cash is to be used for this purpose. 12. Additional amount of $5,000 is transferred to general reserve. 13. The company's authorized share capital is $150,000 of $1 ordinary shares. Required: Prepare Jim's Income Statement and Comprehensive Income for the year to 31 March 2019, a statement of changes in equity for the year ended 31 March 2019 and a statement of financial position as at that date