VO The trial balance of Mercury Bhd at 30 June 2019 was as follows DE CH RMOORMOOO 7Redeemable preferred shares 500 (RMI per unit Ordinary shares (RMO 50 per unit) 250 share premium 180 retained earnings (17/18) 70 Inventory (1/7/18) 450 Land at cost 300 Buildings cost 900 Accumulated depreciation 135 Buildings Plant al cost 1.020 Accumulated depreciation Plant 370 Trade payables 900 Trade receivables 600 Allowance for doubtful debts- 25 17/18 Purchases 2,030 Administrative expense 205 Sales revenue 3.000 Distribution costs 240 Other expenses 50 Bank balance Ordinary dividend paid 104. lonn notes 110 25 500 5930 5930 You are provided with the following additional information: 1 Depreciation on buildings is to be provided at 5$ per year on cost and allocated to administrative expense Plant is to be depreciated a 20% per year using the reducing balance method and included in distribution costs Closung inventory is valued at RM500,000 The allowance for doubtful debts is to be maintained at 5% of trade accounts receivable balances 5 As accrual for distribution wages of RM30,000 is required Interest on the loan notes has not been paid during the you 7 During June, a bonus inue of two for five was made to ordinary shareholders Share premium account is used for this purpose However, this was not been entered 8 Provisions are to be made for the following The preferred dividend for the year An income tax charge of RM5,000 for the you Required: Prepare for Mercury Bhd for the year ended 30 June 2019. (a) A Matement of compensive income (o) A sement of changes in equity, and (7 marks) le) A statement officacial pour 10 masko) Total 25 Marks