The trial balance before adjustments as at 30 June 2023. Can you please help me put together the statement of financial position and the statement of profit and loss and other comprehensive income using additional information from parts a to h, Thanks

Sales revenue 29,760,300 Services revenue 18,510,400 Extraordinary Gain 626,000 Proceeds from the sale of land 780,000 Expenses 42,497,600 Equipment (at cost net of depreciation) 3,210,000 Vehicles (at cost net of depreciation) 1,300,100 Buildings (at cost net of depreciation) 6,956,700 Land (at cost) 4,280,500 Accounts receivable 5,420,300 Allowance for doubtful debts 340,000 Inventory (at lower of cost or net realisable value) 2,495,100 Cash at bank 53,400 Prepaid expenses 245,700 Prepaid services revenue 2,975,000 Loan from HW Bank 1,700,000 Provisions 2,210,600 Accounts payable 897,450 Accrued expenses 212,000 Dividend declared and paid 357,000 Share capital 2,649,400 General Reserve 877,600 Retained earnings (1 July 2022) 5,277,650 66,816,400 66,816,400

a)

Included in the amount of 'Expenses' in the trial balance provided above are:

Cost of sales $17,930,000.

Salaries and wages $9,214,000.

Annual leave expense of $966, 000

Long service leave expense of $86,000.

Power and other utility expenses $1,240,000.

Insurance expense $795,600.

Advertising expenses $1,690,000.

Other general operating expenses of $3,112,500.

Depreciation expense for equipment $680,000.

Depreciation expense for vehicles of $380,000.

Depreciation expense for buildings of $695,000.

Warranty expense of $1,240,000.

$487,000 is the cost of land sold in March 2023.

$525,000 payment to auditors ($65,000 of this was for taxation advice and the rest for the

audit of the company).

$400 for a subscription to an online TV/sports streaming service for staff break/lounge rooms

b)

The company borrowed $1,700,000 from HW on 1 July 2022. The loan carries 4.5% p.a. On 1 July

each year, the company is required to make a payment of interest accrued for the year. On 1 July

2023, the company made a payment, being interest accrued for the year. The company is required

to pay the principal amount in full on 1 July 2026.

c)

Only one item of land was sold during the period (in March 2023) for $780,000 cash.

d)

The extraordinary gain relates to the unexpected receipt of money. In March 2021, a major

customer of the company was declared bankrupt owing the company $1,210,000. It had been

expected that no money would be received, and the company had written this bad debt off in

June 2021. However, an investigation was undertaken by ASIC and assets have now been

recovered from the customer. As a result, in April 2023 the company received $626,000 (no

further money is expected to be recovered from this previous customer

e) The balance of the provisions in the trial balance is comprised of:

Legal provision of $650,000 .

Provision for annual leave of $234,000. The balance of the provision for annual leave at 30 June 2022 was $108,000. Provision for Long Service leave of $384,000. No long service period was taken during the year ended 30 June 2023 and none is expected to be taken until 2026.

Provision for warranties of $942,600. The company previously provided a 12-month warranty on the majority of its products and services. However, as a number of competitors provide longer warranty periods, the company decided to change its warranty conditions. From 1 May 2023, the company provided a 3-year warranty on the majority of its products. This is expected to increase the warranty expense for full financial years in the future by around 18%. It is expected that 80% of the balance of this warranty provision as at 30 June 2023 will be used up by 30 June 2025. The balance of the provision for warranties at 30 June 2022 was $692,000. f) The prepaid expenses in the trial balance include $65,000 for prepaid insurance, $107,000 for prepaid advertising, and $73,700 for prepaid maintenance (cleaning) services. The accrued expenses relate to utilities (e.g. power).

g) Directors had declared a dividend of $357,000 from retained earnings on 2 July 2022. This required no further approval or authorisation. This dividend was paid on 1 September 2022.

h) At 1 July 2022 the share capital comprised: 2,500,000 fully paid ordinary shares at an issue price of $1.00 issued on 1 July 2016. Share issue costs paid in relation to this issue were $23,000. 50,000 fully paid ordinary shares at an issue price of $1.00. These were bonus shares issued on 1 August 2020. In lieu of an interim dividend, a bonus share issue of 1 fully paid ordinary share (issue price $1.20) for every 25 shares held, was made on 28 January 2023 from the general reserve.