ZetaIndustries Ltd has a trading profit for the year ended 31 December 2023, before dealing with the following items, of $60,000. You are to complete the profit and loss account and appropriation account.

1.The standard rate of income tax is 30%.
2.ZetaIndustries Ltd had $45,000 of 9% debentures. It sent cheques for debenture interest for the year less income tax, on 31 December 2023.
3.ZetaIndustries Ltd had bought $15,000 of 8% debentures in another company. It received a year's interest, less income tax, on 30 December 2023.
4.No cheque has been paid to the Inland Revenue for income tax.
5.ZetaIndustries Ltd had bought 20,000 ordinary shares of $1 each in OmegaIndustries Ltd. OmegaIndustries Ltd paid a dividend to ZetaIndustries Ltd of 22% on 30 November 2023. OmegaIndustries Ltd is a 'related company'.
6.ZetaIndustries Ltd had a liability for corporation tax, based on profits for 2023, of $30,000.
7.ZetaIndustries Ltd proposed a dividend of 27% on its 85,000 ordinary shares of $1 each, out of the profits for 2023.
8.Transfer $5,000 to general reserve.
9.Unappropriated profits brought forward from last year amounted to $10,500.
Requirement: Complete the profit and loss account and appropriation account for ZetaIndustries Ltd and prepare the earnings per share (EPS) calculation.