The trial balance of Gamma shows the following balances at 31 December 2021: Dr Cr $000 $000 Issued share capital (500,000 500 shares) Share premium 120 Finance costs 70 Retained earnings 1 January 346 2021 Inventory (raw materials) at 1 60 January 2021 Sales 870 Purchases 590 Purchases returns 56 Sales returns 28. Carriage outwards 28 Work-in-progress at 1 January 80 2021 Intangible assets 200 Administrative wages Warehouse plant and equipment cost Accumulated depreciation - 1 January 2021 30 162 30 Delivery vehicle hire 20 Distribution expenses 10 Administrative expenses 30 Directors' salaries 40 Sales allowances 14 Investment income 30 Bank overdraft 20 Trade receivables 380 Cash at bank 110 Land 120 1972 1972 Additional information: Work-m-progress at 1 January 2021 Intangible assets Administrative wages Warehouse plant and equipment cost Accumulated depreciation-1 80 200 30 162 30 January 2021 Delivery vehicle hire 20 Distribution expenses 10 Administrative expenses 30 Directors' salaries 40 Sales allowances 14 Investment income 30 Bank overdraft Trade receivables 20 380 Cash at bank Land 110 120 1972 1972 Additional information: (1) Inventories at | January 2022 were valued at $12,000. (2) Work-in-progress at 1 January 2022 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 $20,000 (5) A final dividend of $0.50 per share was declared on 31 March 2022. (6) There were no disposals of any non-current assets during the year. Land was revalued at 31 December 2021 to $100,000. No entries have yet been made to record this (7) Life insurance for general director is to he acenied $3,000. (8) Receivables totalling $14,000 are to be written off (9) General reserve is to be created as $2,000 (10) Allowance for receivables should be created as 2% of net receivables Required: Prepare a) a statement of profit or loss and other comprehensive income 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 financial position at that date, d) notes, in accordance with IAS I "Presentation of Financial Statements". Your answer should be as complete and informative as possible within the limits of the information given to you. An accounting policy note is also required