The trial balance of Gung Ho at 31 December 20X6 shows the following (all amounts in ): Land Buildings Accum. depreciation buildings Equipment Accum. depreciation equipment Trade receivables Cash and cash equivalents Inventory (raw materials and consumables) at 1/1/20X6 Financial Investment Share capital Reserves Provisions (liability) Trade payables Long-term debt Revenue Purchases Salaries Other operating expenses Interest income Interest expense 264.000 510.000 -255.000 285.000 -85.500 112.600 58.260 396.640 80.000 600.000 80.000 20.000 86.460 396.000 2.966.140 - 1.806.620 -622.560 -340.600 3.180 -16.000 I a Year-end adjustments: The closing inventory of raw materials and consumables is valued at 402,600. b. No depreciation has been provided yet for 20X6, the company uses the following depreciation rates: 30 years straight-line for buildings and 30% diminishing balance for equipment. c. The audit fee has been agreed at 20,000. d. Part of the provisions (liability) in the trial balance will be used to pay for legal damages resulting from a dispute with an ex-employee about a dishonourable discharge. The company received a court decision on 31 December 20X6. The original estimate of the legal damages amounted to 15,000. The final court decision set the indemnification at 12.000 and is to be recorded under the heading of 'other payables Trade receivables also include a receivable for 3,800 which is assessed to be irrecoverable f. The company already received the full 20X6-20X7 interest on the investment (started at 1 February 20X6) in December 20X6: total of interest received amounts to 3,180. 8. The tax adviser estimates the company's 20x6 current income taxes to be 27,325 (deferred taxes are not taken into account). e Please draw up Gung Ho's statement of profit or loss and its statement of financial position for the period ending 31 December 20X6