The following trial balance was extracted from the nominal ledger of Oberon Ltd on 31 March 2019:

Sales

1,150,000

Inventories at 1 April 2018

75,000

Purchases

465,000

Distribution costs

220,000

Administrative expenses

340,000

Bad debts written off

36,000

Loan interest paid

8,000

Land and buildings cost

600,000

Plant and equipment cost

340,000

Land and buildings accumulated depreciation at 1 April 2018

96,000

Plant and equipment accumulated depreciation at 1 April 2018

63,000

Trade receivables

60,000

Provision for doubtful debts

5,000

Bank balance

24,000

Ordinary share capital (1 shares)

400,000

Share premium

100,000

Bank loan

200,000

Retained earnings

61,000

Ordinary dividends paid

15,000

Trade payables

54,000

Advance deposits from customers

________

6,000

2,159,000

2,159,000

Required:

Ten column work sheet in the form of the following.

Prepare the following financial statements for Oberon Ltd:

(a)

Income statement for the year ended 31 March 2016.

(b)

Statement of financial position as at 31 March 2016.