The trial balance below was extracted from the ledger of Nyib Ladas at 31 December 2018 CH GH'000 Ordinary Share Capital 100,000 10% Preference Share Capital 50,000 9% Loan notes 60,000 General Reserve 46,400 Retained Earnings (1 January 2018) 15,300 Fumiture & Equipment 26300 Land and Building 220,000 Plant & Machinery at cost 85,000 Motor vehicle at cost 45,000 Accumulated depreciation-Building 30,000 Accumulated depreciation - Plant & Machinery 17,000 Accumulated depreciation-Motor vehicle 18,000 Accumulated depreciation-Fuminure & Equipment 8,040 Inventories, 1 January 2018 34,000 Accounts Receivable 242,000 Provision for Doubtful Deb 4,340 Accounts Payable 201,460 Cash and Bank Balance 56,200 Revenue Purchases Carriage Inwards Salaries & Wages 748,300 440075 16,300 56,500 Rest & Rates 21,600 Insurance 8,700 Office Expenses 11,300 Bad Debt 1,060 Printing and Stationery 1.720 Electricity & Water 4,300 Interest Income 495 Repairs and Maintenance 2.380 1390.31 0.315 Page 1 of 2 The following additional information are provided: Allowance is to be made for depreciation on the non-nets on straight line method at the following rates Building Plant & Machinery Motor vehicle Furniture & Fittings 00% The value of land included in Land and Building in GHz 20,000,000. The following payments were made in advanc One you interest is due on the loan not recession the net realable value of the goods is G37,400,000 in) The directors have recommended transfer of GH20,000,000 general envex) The year's preference dividend is to be provided for Curent year income tax charged was GR,670,000 xi) Authorised share capital comprise 50,000,000 10% preference shares at Cael eich G50,000,000 250,000,000 ordinary shares at Gilles each G100,000,000 Required: Prepare a) Nybiraba Lad's Statement of Profit or Low account for the year and 31 December, 2018 and (10 marks) b) Nhyiraba Laf's Statement of Financial Position as at 31 December, 2018. (10 marks)