The following Trial Balance was extracted from the books of Aso Ltd for the year ended 30th September 2018:

	Dr	Cr
	GH¢	GH¢
Stated Capital		185,280
Revaluation surplus @ 1/1/2018		25,000
Income Surplus @ 1/1/2018		32,000
Inventory	24,200
91 days treasury bill	57,000
Sales		421,450
Purchases	167,350
Purchase returns		6,040
Electricity	2,230
Discounts allowed	2,420
Discounts received		4,270
Motor expenses	33,580
Bank	24,511
Salaries	108,000
Insurance	15,400
Receivables	110,140
Irrecoverable debts	1,420
Allowance for receivables		3,153
Trade Payables		76,288
General Admin expenses	6,780
9% Loan note (2016-2021)		150,000
Loan interest	12,000
Land and buildings @ cost	340,000
Accumulated depreciation for buildings		26,000
Equipment @ cost	22,000
Accumulated depreciation for equipment		10,300
Motor vehicles cost	26,000

Accumulated depreciation for motor vehicles		13,250
	953,031	953,031

The following information is also available.

1. Only 10 months’ salaries are shown in the Trial Balance. An equal amount is paid for salaries for each month of the year.
2. As of 30th September 2018, GH¢3,200 had been prepaid for insurance, whilst GH¢410 was owing for general expenses.
3. The corporate tax provision for the year is estimated @ 25% of Profit before Tax
4. The dividend proposed for the year amounted to GH¢5,200
5. Additional Shares valued at GH¢50,000 were issued during the year. This has not been recorded in the books.
6. Equipment costing GH¢4,000 was disposed of during the year for GH¢6,000; accumulated depreciation on this equipment was GH¢1,000. This transaction was also omitted.
7. As of 30th September 2018, inventory was valued at GH¢22,500.
8. A customer, owing GH¢5,040 has been declared bankrupt. This amount is to be written off in full. Bad debts are charged to distribution cost
9. An allowance for receivables is to be maintained at 3% of the remaining receivables. This is charged to Distribution Cost
10. As of 30th September 2018, the business’s land was revalued at GH¢150,000. The original cost of the Land was GH¢100,000
11. Depreciation is to be provided as follows:
    1. Buildings: 4% per annum using the straight-line method.
    2. Equipment: 25% per annum using the straight-line method.
    3. Motor vehicles: 40% per annum using the reducing balance method.

Depreciation is charged to Administrative expenses except for 50% of Motor vehicle depreciation

Required: Prepare the following statements for the year ended 30th September 2018 in a format suitable for publication:

1. Statement of Profit or Loss and other comprehensive Income
2. Statement of Changes in equity
3. Statement of Financial Position.