Trial Balance of Large Plc as at 31st December 2020 Cr Freehold land, at valuation Building, at valuation Building, accumulated depreciation 1/1/20 Motor vehicles Motor vehicles, accumulated depreciation 1/1/20 Share capital Sales Cost of sales Trade receivables Irrecoverable debts written off Estimated credit loss allowance Inventory at 31 December 2020 Administration expenses Distribution costs Interest expense Short term investments 10% Bank loan (2025) Trade payables Cash at bank Revaluation reserve, 1 January 2020 Retained earnings, 1 January 2020 Dr 1,600,000 423,000 9,000 210,000 84,000 400,000 3,600,000 1,250,000 395,000 12,000 8,000 150,000 736,000 320,000 8,000 40,000 160,000 168,000 942,000 1,185,000 472,000 6,086,000 6,086,000 Required: On behalf of the directors of Large plc, prepare a Statement of Profit or Loss and Other Comprehensive Income and a Statement of Changes in Equity for the year ended 31st December 2020 and a Statement of Financial Position as at that date. Trial Balance of Large Plc as at 31st December 2020 Cr Freehold land, at valuation Building, at valuation Building, accumulated depreciation 1/1/20 Motor vehicles Motor vehicles, accumulated depreciation 1/1/20 Share capital Sales Cost of sales Trade receivables Irrecoverable debts written off Estimated credit loss allowance Inventory at 31 December 2020 Administration expenses Distribution costs Interest expense Short term investments 10% Bank loan (2025) Trade payables Cash at bank Revaluation reserve, 1 January 2020 Retained earnings, 1 January 2020 Dr 1,600,000 423,000 9,000 210,000 84,000 400,000 3,600,000 1,250,000 395,000 12,000 8,000 150,000 736,000 320,000 8,000 40,000 160,000 168,000 942,000 1,185,000 472,000 6,086,000 6,086,000 Required: On behalf of the directors of Large plc, prepare a Statement of Profit or Loss and Other Comprehensive Income and a Statement of Changes in Equity for the year ended 31st December 2020 and a Statement of Financial Position as at that date