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At the end of the financial year, on March 31, 2021. Zuiu Ltd has provided the following details in relation to the business It made

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At the end of the financial year, on March 31, 2021. Zuiu Ltd has provided the following details in relation to the business It made profits before interest and tax amounting to $3.489.000 It has in issue 6% redeemable preference shares totaling $12.800,000: half of the dividends remain unpaid at the year end Estimated tax in the previous period amounted to $219 300, but was eventually settled with the tax authorities of $384.500 Estimated tax on profits for this year has not yet been pod The deferred tax balance at the start of the period was aliability of $180.000 Deductible temporary differences for the period amounted to 3960.000 The applicable tax rate is 30% REQUIRED: Present the statement of profit or loss and statement of fnancial position extracts for the period, showing at relevant worldngs Both extracts should show information specific to the tax and dividend calculations, and the statement of profit or oss extract should show the details leading up to profanter At the end of the financial year, on March 31, 2021. Zulu Ltd has provided the following details in relation to the business o it made profits before interest and tax amounting to $3.489.000 It has in Issue 6% redeemable preference shares totaling $12.800,000: half of the dividends remain unpaid at the year end Estimated tax in the previous period amounted to $219 300, but was eventually settled with the fax authorities at $384.500 Estimated tax on profits for this year has not yet been pald The detened tax balance at the start of the period was clability of $180,000 Deductible temporary differences for the period amounted to $960,000 The applicable tax rate is 30% REQUIRED: Present the statement of profit or loss and statement of financial position extracts for the period, showing at relevant wordngs Both extracts should show information specific to the tax and dividend calculations, and the statement of protetor foss extract should show the detais leading up to profatter TO

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