The trial balance of Beta shows the following balances at 31 Additional information: it All items of PPE except office buildings are bought on 1 Jaauary 2021. Depreciation charges for the year should be calculated at 20% on cost PPE excl. buildings and at 5% on book value for buildings. (a) Office buildings are to be revaluated to $700,000 3) The income tax for the year is cvaluated as $3,000 (4) Research and development costs include 40% of pure research and 60% meet certain criteria that indicate that future cconomic benefits are probable 15) Receivables totalling $4,900 are to be written off (5) Allowance for receivables should be created as 2.5% of net trade receivables m1 Telephone bill for Deasmher 2021 wns received 10 January Additional information: (1) All items of PPE except office buildings are bought on 1 January 2021. Depreciation charges for the year should be calculated at 20% on cost PPE excL buildings and at 5% on book value for buildings. (2) Office buildings are to be revaluated to $700,000 i) The income tax for the year is evaluated as $3,000 (4) Research and development costs include 40% of pure research and 60% meet certain criteria that indicate that future economic benefits are probable (5) Receivables totalling $4,900 are to be written off is Allowance for receivables should be created as 2.5% of net trade receivables ) Telephone bill for December 2021 was received 10 January 2022($5,000) Dividends were declared $1 per share at 31 December 2021. The debentures issue during the year took place on 1 July 2021 , and all interest for the year should be acerued (im) General reserve is to be created at $7,000 Required: Prepare a) a statement of profit or loss (income statement) for the year ended 31 December 2021 . b) a statement of changes in equity for the year ended 31 December 2021 , c) a statement of fieancial positien (balance sheet) at that date The trial balance of Beta shows the following balances at 31 Additional information: it All items of PPE except office buildings are bought on 1 Jaauary 2021. Depreciation charges for the year should be calculated at 20% on cost PPE excl. buildings and at 5% on book value for buildings. (a) Office buildings are to be revaluated to $700,000 3) The income tax for the year is cvaluated as $3,000 (4) Research and development costs include 40% of pure research and 60% meet certain criteria that indicate that future cconomic benefits are probable 15) Receivables totalling $4,900 are to be written off (5) Allowance for receivables should be created as 2.5% of net trade receivables m1 Telephone bill for Deasmher 2021 wns received 10 January Additional information: (1) All items of PPE except office buildings are bought on 1 January 2021. Depreciation charges for the year should be calculated at 20% on cost PPE excL buildings and at 5% on book value for buildings. (2) Office buildings are to be revaluated to $700,000 i) The income tax for the year is evaluated as $3,000 (4) Research and development costs include 40% of pure research and 60% meet certain criteria that indicate that future economic benefits are probable (5) Receivables totalling $4,900 are to be written off is Allowance for receivables should be created as 2.5% of net trade receivables ) Telephone bill for December 2021 was received 10 January 2022($5,000) Dividends were declared $1 per share at 31 December 2021. The debentures issue during the year took place on 1 July 2021 , and all interest for the year should be acerued (im) General reserve is to be created at $7,000 Required: Prepare a) a statement of profit or loss (income statement) for the year ended 31 December 2021 . b) a statement of changes in equity for the year ended 31 December 2021 , c) a statement of fieancial positien (balance sheet) at that date