XYZ reported following figures including prior period error, prepare all financial statements for year ended 31 Dec 2019 with relevant changes.? (XYZ follows straight line depreciation method)

As on 31 Dec 2019

Share capital 200,000

Owners current account 500,000

Retained earnings 700,000

Part 1. Asset purchased by owner for his own money for BHD 100,000 .(Not recorded by the XYZ)-2016 Dec

(Life of asset 10 years with no residual value expected)

Part 2. Sale promotion expense paid by owner.

BHD 5000 (Not recorded by the XYZ )-2018

solve the question as according to IAS 8 and pass necessary journal entries too.