The trial balance extracted from the books of Kami Limited as at 31 December 2019 was as follows: Dr Cr $'000 $'000 Ofce equipment, at cost 300,000 Motor vehicle, at cost 70,200 Accumulated depreciation at 1 January 2019: Ofce equipment 24,648 Motor vehicle 7,560 Bank 246,144 Inventory at 1 January 2019 887,028 Accounts receivable 1,900,560 Accounts payable 939,816 Purchases 5,424,240 Transportation in 51,744 Sales 9,010,272 Administrative expenses 1,145,040 Selling expenses 964,224 Bank loan, repayable in 2022 120,000 Bank loan interest expenses 42,000 Ordinary share capital 810,000 (720,000,000 shares in issue and fully paid) General reserve 6,000 Retained prots at 1 January 2019 112,884 11,031,180 11,031,180 (ii) (iii) 00 (V) (vi) (vii) The following additional information is available: Inventory as at 31 December 2019 was valued at $560,400,000 after inventory count. The bank statement for December 2019 showed a bank loan interest of $1,200,000 was deducted but no entries have been recorded in the book. It was discovered that a payment of $9,600,000 for purchase of ofce equipment on 1 January 2019 had been wrongly treated as purchase of inventory. The cash paid was correctly recorded in the bank account. No adjustment has been made. There are no other additions or disposal of fixed asset during the period. Depreciation is to be provided for the year as follows: Ofce equipment: straight line method with useful life of 5 years and no residual value. Motor vehicle: double declining balance method with useful life of 8 years and residual value $120,000. The following year-end adjustments are to be made: m Accrued administrative expenses 14,400 Prepaid selling expenses remained 6,264 Prots tax provision for 2019 88,200 The company declared a bonus issue of one for ten shares. The bonus issue is fmanced by transferring $72,000 out of retained earnings to share capital account during the year. These shares are not entitled to any dividends for the year of 2019. No entries have been made. The following appropriations are to be made: Transfer to general reserve: $24,000,000 Final dividends for ordinary shares: $0.8 per share