Woodside Global Trading Limited, a company listed on the Roman Stock Exchange, is a trading and investment entity. The company trades exclusively in golf equipment, and invests in property and other firms. Woodside Global Trading Limited have just engaged you as their external accountant to assist in the preparation of the entity's 2025 financial statements. The financial period of the company is from January 1 to December 31. The company has provided you the following list of accounts, and the trial balance totals per account as at December 31, 2025: Trial Balance Trial Balance Name of Account Accounts Payable Accounts Receivables Advance from Substantial Shareholder Cash and Cash Equivalents Cost of Goods Sold Current Tax Liabilities Employee Benefit Obligations Gain from Sale of Plant and Equipment Amount $8,000,000 $4,500,000 $10,750,000 $950,000 $65,015,000 $1,600,000 $1,500,000 $15,002,000 $1,200,000 $19,650,000 Intangible Assets Inventory Loans Due in Less than 12 Months Long-Term Intercorporate Investment Long-Term Land Investment Long-Term Loans Notes Payable Notes Payable (Due in Less than 12 Months) Operating Expenses Other Payables $1,150,000 $48,000,000 $6,500,000 $19,580,000 $4,000,000 $500,000 $16,014,000 $450,000 $250,000 $32,000,000 $28,500,000 $520,000 Other Receivables (Due in more than 12 Months) Paid-Up Capital Plant and Equipment Prepaid Expenses Property Reserves Retained Earnings Sales Short-Term Investments $10,150,000 $14,500,000 $15,190,000 $100,890,000 $6,500,000 Additional Information: 1. The trial balance amount for Plant and Equipment is a gross amount. The total accumulated depreciation of applied to plant and Equipment as at December 31, 2025 is $6,000,000. It is the policy of Woodside Global Trading Limited to show the value of Plant and Equipment as a net amount in the financial statements. 2. For the period ended December 31, 2025, Woodside Global Trading Limited recorded a profit of $7,500,000. This amount has yet to be included in the Retained Earnings balance as per the trial balance. 3. The substantial shareholder has indicated that to settle the advance amount, the substantial shareholder as indicated a very strong preference and probability for payment by issuance of new equity. 4. All prepaid expenses as at December 31, 2025 are expected to be consumed by the end of December 31, 2026. 5. The land held for investment is separate from the property the plant and equipment (owned by Woodside Global Trading Limited) resides on. 6. In the forthcoming 12 months Woodside Global Trading Limited is predicting the entity will purchase plant and equipment to the value of $14,000,000 7. The value of the Inventory as shown in the trial balance is the net realizable value. The value of inventory at cost is $15,650,000. 8. The effective tax rate that Woodside Global Trading Limited is subject to is 21%. Required: Using the information supplied, prepare a balance sheet/statement of financial position for Woodside Global Trading Limited for the end of 2025 that conforms with recommended presentation of IFRS IAS 1 requirements and as preferred for the course