The trial balance of Beta shows the following balances at $31$ December $2023$:

$\backslash$table$[[,$Dr$,$Ch$],[,$$$000,$$$000],[\backslash$table$[[$Issued share capital $(500,000],[$shares$)]],,500],[$Share premium,,$20],[$Finance costs,$70,],[\backslash$table$[[$Retained earnings $1$ January$],[2023]],,546],[\backslash$table$[[$Inventory $($raw materials$)$ at$],[1$ January $2023]],60,],[$Sales$,,870],[$Purchases$,590,],[$Purchases returns,,$26],[$Sales returns,$78,],[$Carriage outwards,$28,],[$Selling expenses,$80,],[$Intangible assets,$170,],[$Administrative wages,$30,],[\backslash$table$[[$Warehouse plant and$],[$equipment $-$ cost$]],95,],[\backslash$table$[[$Accumulated depreciation$-],[1$ January $2023]],,30],[$Delivery vehicle hire,$20,],[$Distribution expenses,$10,],[$Administrative expenses,$30,],[$Directors$\text{'}$ salaries,$30,],[$Sales allowances,$1,],[$Investment income,,$33],[$Bank overdraft,,$27],[$Trade receivables,$380,],[$Cash at bank,$260,],[$Land$,120,],[,2052,2052]]$

Additional information:

$(1)$

Inventories at $1$ January $2024$ were valued at $$12,000.$

$(2)$

Work$-$in$-$progress at $1$ January $2024$ was valued at $$3,000$

$(3)$

Depreciation charges for the year amounting to $$7,000$ and $$2,000$ are to be included in

distribution costs and administrative expenses, respectively.

$(4)$

The income tax for the year is evaluated as $$15,055$

$(5)$

Titus had supplied goods to the company amounting to $$4,000.$ He had also been

supplied with goods by Beta totalling $$3,000.$ It was decided that the latter amount be

set against the balance due to Titus on the payables ledger, but no entries have yet been

made to record this.

$(6)$

There were no disposals of any non$-$current assets during the year. Land was revalued

at $31$ December $2023$ to $$100,000.$ No entries have yet been made to record this.

$(7)$

Receivables totalling $$14,000$ are to be written off

$(8)$

General reserve is to be created as $$2,000$

$(9)$

Allowance for receivables should be created as $2\mathrm{.}5\%$ of net receivables

$(10)$

Delivery vehicle hire includes prepayment for January$-$March $2024$ totaling $$6,000$

Required:

Prepare

$($i$)$ t$-$accounts for the transactions;

$($vi$)$ a statement of financial position at that date