The trial balance of Beta shows the following balances at $3$

December $2023$: Additional information:

$(1)$ Inventories at $1$ January $2024$ were valued at $$45,000.$

$(2)$ Depreciation charges for the year amounting to $$27,000$ and

$$5,000$ are to be included in distribution costs and

administrative expenses, respectively.

$(3)$ The income tax rate is $20\%.$

$(4)$ There were no disposals of any non$-$current assets during the

year. Land was revalued at $31$ December $2023$ to $$90,000.$

No entries have yet been made to record this.

$(5)$ Plant and machinery was acquired on credit at $31$ December

$2023$ at a cost of $$17,000.$ No entries have yet been made

to record this.

$(6)$ Insurance for delivery vehicles is to be accrued as $$6,000.$

$(7)$ Bonus for administration director for $2023$ is evaluated as $1\%$

of gross profit

$(8)$ General reserve is to be created at $$7,000$

$(9)$ A customer owing $$9,000$ has recently been declared

bankrupt. The company does not expect to recover any of

this.

$(10)$ Allowance for receivables should be created as $2\%$ of net

receivables

Required:

Prepare

$($i$)$ general journal for the transactions;

$($ii$)$ ledger accounts showing descriptions and balances;

$($iii$)$ a trial balance;

$($iv$)$ a statement of profit or loss and other

comprehensive income for the year ended $31$ December

$2023,$

$($v$)$ a statement of changes in equity for the year ended

$31$ December $2023,$

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