You are employed by JohLex Limited as an accountant. The Accountant has produced the following trial balance at 31stDecember 2016.

	Dr.	Cr.
	GH	GH
Administrative expenses	81,070
Distribution costs	164,450
Trade receivables and payables	130,920	144,000
Ordinary GH1 shares		98,600
Revaluation surplus		22,450
Revenue and purchases	372,000	760,000
8% loan notes		150,000
Land and Buildings at cost	309,500
Motor vehicles at cost	138,000
Inventories at 1/1/2015	156,740
Interim ordinary dividend	1,440
Interest paid	6,000
Bank overdraft		23,470
Retained profit at 1/1/2015		151,100
Suspense		10,500
Total	1,360,120	1,360,120

You have also ascertained the following information:

The inventory at cost on 31st December, 2016 was GH210,000 and the net realizable value was GH189,000.

The taxation charge for the year to 31st December, 2016 is estimated to be GH20,000.

The company issued a 12% debenture at discount of Ghc97,000 on January 1, 2016 redeemable in 3-year at par. This loan is omitted from the trial balance.

To reflect a marked increase in property prices, JohnLexaccepted the report of an independent surveyor who valued the building by GH5,000 on that on 31stDecember. 2016.

The suspense account represents the corresponding credit for cash received for a fully subscribed issue of equity shares made on 30th December, 2016. The terms of the share issue was 7,000 new ordinary shares were issued at GH1.50.

The company has declared a dividend 10pesewas per share for the year.

Required:

(a) Prepare the statement of comprehensive income for JohLexfor the year ended 31st December, 2016.

(b) Prepare the statement of changes in equity for JohLex for the year ended 31st December, 2016.

(c) Prepare the statement of financial position of JohLex as at 31st December, 2016.