The trial balance of Kenstone ltd as at December $31.$ st $2019$ was as follows:

i$)$ Depreciation is to beprovided for the year using reducing balance method and applying

rates of $15\%$ on plant, $25\%$ on motor vehicle and $10\%$ on fittings and fixtures. Freehold

property is not depreciated.

ii$)$ Bad Debts to bevritten off at the rate of $6\%.$

iii$)$ Provision for doubtful debts is to be adjusted to a figure equal to $10\%$ of the receivables.

iv$)$ As at December $31,2019$ water expense accrued was Kshs$\mathrm{.}12,900,$ Insurance prepaid is

Kshs$\mathrm{.}4,50$ Rates prepaid were Kshs$.11,700.$

v$)$ Inventories as at December $31,2019$ were valued at Kshs$\mathrm{.}5,196000.$

vi$)$ Loan interest bas notbeenpaid.

vii$)15\%$ is to be transferred to general reserve

viii$)$ The directors have recommended a dividend of $15\%$ of the profits.

ix$)$ The company pays tax at the rate of $30\%$

Required:

Using the format of IAS $1$ prepare:

a$)$ A Statement of Comprehensive Income for the year ended Dec. $31,2019.$

b$)$ A Statement of Financial Position as at December $31,2019.$