Tyson Robotics Ltd runs a business that provides that sells a diverse range of animated and robotic products. The unadjusted Trial Balance for the current period is given below:

Tyson Robotics Ltd
Unadjusted Triial Balance
as at 30 June 2021
Account	Debit	credit
Cash at bank	52000
Accounts receivable	28000
Inventories	41000
GST receivable	200
Prepaid Insurance	1300
Office supplies	2200
Plant and Equipment	200000
Accumulated depreciation office equipment		58600
Trade Marks	30000
Accounts payable		41200
Salaries Payable		13490
Rent Received in Advance		24000
GST payable		12000
Loans non current		50000
Share Capital		100000
Retained Earnings		32000
Sales		356000
Rent Revenue		28000
Cost of Goods Sold	198600
Supplies Expense	25000
Staff Salaries expense	70610
Internet and telephone expense	6120
Office Supplies Expense	2860
Depreciation ExpenseI	31300
insurance Expense	4100
Rent Expense	22000
1	715290	715290

A. You are required to prepare:

1. Income statement
2. (ii) Statement of Changes in Equity
3. (iii) Balance Sheet

B.You are provided with the report below about performance in 2020 and asked to:

(i) calculate the same performance percentages based on the 2021 figures

(ii) comment on trends and any relationships between figures revealed in 2021 figures

Cash as a percentage of current assets 36%

Total expenses as a percentage of revenue 78%

Staff salaries as a percentage of total expenses 24%

Profit as a percentage of revenue 15%

Accounts Receivable as a % of current assets 40%

Accounts Payable as a % of current liabilities

24% Cost of Goods Sold as a % of sales 49%

Long term debt as a % of Total Liabilities 41%