The trial balance below relates to Kelewele Limited for the year ended 31st December, 2016.

Trial balance as at 31/12/2016	Dr.	Cr.
	Gh000	Gh000
Inventory as at 1/1/2015	700,000
Sales		8,400,000
Purchases	5,750,000
Buildings	750,000
Motor vehicles	600,000
Equipment	1,460,000
Provision for depreciation:
Motor vehicle		150,000
Equipment		120,000
Return inwards	25,000
Return outwards		30,000
Trade receivable	880,000
Trade payable		450,000
Stated capital - 1,000,000 ord. shares		2,000,000
Administrative expenses	140,000
Advertising & promotion	60,000
Wages and salaries	200,000
Electricity & water	15,000
Repairs & maintenance	20,000
Provision for Bad Debts		45,000
Discount allowed and rebate	35,000
Discount received		65,000
Rent & rates	16,000
Income surplus b/f		171,000
Cash & bank	850,000
10% Debenture		70,000
	11,501,000	11,501,000

Additional information:

1. Closing inventory is Gh500,000

2. Closing provision for Bad debts to Gh50,000.

3. Provision for depreciation is reducing balance method: 15% on Motor vehicle and 20% on equipment it is 20%

4. Dividend proposed for the year is Gh500,000.

5. Corporate tax is at the rate of 25%.

Required:

(a) To prepare the Statement of Comprehensive Income for the year ended 31st December 2016 for KeleweleLimited.

(b) To prepare the Statement of changes in equity as at year end 31st December 2016.

(c) Prepare the statement of financial position of KeleweleLimited as at 31st December, 2016.