The Trial balance of Petros Ltd as at 31 December 2015 was as follows

Dr Cr

$' 000 $' 000

Sales 600

Purchases 200

Inventory at 1 January 2015 80

Distribution costs 80

Administration expenses 155

Receivables 100

Payables 29

Ordinary Shares 50 cents per Share 80

10% irredeemable preference shares $1 90

10% loan notes 80

Non-Current Assets 350

Accumulated depreciation 1 January 2015 140

Share Premium 30

Accumulated Profits at 1 January 2015 30

Loan note Interest 4

Preference dividend 9

Ordinary dividend 16

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1,079 1,079

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The following is taken into account.

1. The depreciation is charged on non-current assets at the rate of 20% on cost (straight line method) per year. Corporate Tax is at 30% per year

2. Closing Inventory is $ 30,000

Required

Prepare the following financial Statements for the year ended 31 December 2015

1. Statement of comprehensive income

2. Statement of Financial position