Trial balance for Woodwork plc at 31 March 2021 2. The income tax charge for the year is estimated at $74,000 3. Provision for bad debts to be increased by $16,000, and charged to administration expenses. 4. Staff bonuses totaling $40,000 are to be provided for, charged equally to distribution costs and administrative expenses. 5. The freehold land and buildings was bought on the last day of the accounting period at a bargain price. It is to be revalued to $280,000. 6. Directors proposed to pay preference dividend for the year ended 31 March 2021. Required Prepare Woodwork plc's total comprehensive income statement and statement of changes in equity for the year to 31 March 2021 and a statement of financial position as at that date. Trial balance for Woodwork plc at 31 March 2021 2. The income tax charge for the year is estimated at $74,000 3. Provision for bad debts to be increased by $16,000, and charged to administration expenses. 4. Staff bonuses totaling $40,000 are to be provided for, charged equally to distribution costs and administrative expenses. 5. The freehold land and buildings was bought on the last day of the accounting period at a bargain price. It is to be revalued to $280,000. 6. Directors proposed to pay preference dividend for the year ended 31 March 2021. Required Prepare Woodwork plc's total comprehensive income statement and statement of changes in equity for the year to 31 March 2021 and a statement of financial position as at that date