The tollowing trial balance selatos to x0 t 31 March 2014 '000 490,000 Revenue (note (0 Cost of tales Distribution costs Administrative expenses Loan note interest and dlividends paid (notes (iv) and (w 290.600 33,500 36,800 13.380 900 Bank interest 20-year leased property at cost inote Plant and equipment at cost (note ) 100,000 155,500 eased property plant and equipment 25,000 43,500 Inventory at 31 March 2014 Trade receivables Trade payables Bank Equity shares of 25 cents each (note Share premium Retained eamings at 1 April 2013 S % convertible loan note rot (M) Current tax (note (vi) Deferied tax (note (vil 61,000 63,000 32,200 5,500 56,000 25,000 26,080 50,000 3,200 4,600 757,880 757,880 The folowing notes are relevart (0 Revenue i ncludes an amount of $20 miltion for cash sales made through Xtol's retail outlets during the year on acting as agent, is ette toa commission of 10% of the selling price of these gods. By 31 Manch 2014, xad remitted so Francais $15 million fof the $.20 milion sales) and recorded this amount in cost of salos Plant and oquipment is depreciated at i 2w% por annum on the educing baunce All amortisation/depreciation of non-current assets is charged to cost of sale. Gi) ) On 1 August 201 3. Xtol rnade a fully subscribed tights issue of equity share captul batsed on two new him, at 60 cents each tor every five shares held. The market price of xtol's shares before the issue was $1-02 each. The issue has been fully recorded in the trial balance figures tiv) On 1 April 2013, ssued a 5% S 50 maion convertible loan note at par, Interest is on 31 March each year. The loan note is redeemable at par or conwertible into equity shares at the option of the loan note holders on 31 March 2016 The intesest on an equivalent loan noio without the conversion rights would be 8% per annum. The present values of $1 receivable at the end of each yea, based on discount rates of 5% and 8%, are 8% 0-93 0-86 0-79 End of year 1 0-95 0-91 0-86 ) An equity dividend of 4 cents per share was paid on 30 May 2013 and, after the rights issue, a further dividend of 2 cents per share was paid on 30 November 2013 (vi) The balance on current tax represents the undetover provision of the tax lability for the year ended 31 March 2013. A provision of $28 milion is required for current tax for the year ended 31 March 2014 and at this date the deferred tax liability was assessed at $8-3 million. Required (I) Prepare the statement of profit or loss for Xtol for the year ended 31 March 2014. (2) Prepare the statement of changes in equity for Xtol for the year ended 31 March 2014. (3) Prepare the statement of financial position for Xtol as at 31 March 2014