The following account balances for the year ended 31st December 2013, relate to Tan Pty Ltd.

Additional information at 31 December 2013:
€¢ Fees of $200,000 included in the above balance of $6,000,000 are an advance payment for a job that will be started in January 2014.
€¢ Equipment has not yet been depreciated for 2013. It has a useful life of six years and is depreciated on a straight-line basis.
€¢ Tan Pty Ltd is a non-reporting entity and its accounting reports are prepared for internal use only.
Required:
Prepare for Tan Pty Ltd:
a) An income statement for the year ended 31 December 2013.
b) A statement of changes in equity for the year ended 31 December 2013.
c) The shareholder's equity section of the balance sheet as at 31 December 2013.

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S250 000 520 000 1900 000 S80 000 S520000 S12 000 000 S5 000 000 S2 500 000 $350000 S6 000 000 $780 000 $300000 Dividends paid Taxation payable Administrative expenses Interest expense Taxation expense Equipment (at valuation) Accumulated depreciation equipment Share capital Cash at bank Fees Retained profits (1 January.08) Revaluation reserve