The following is the trial balance of D. Cooper Ltd as at 30 September 20X9:

Additional information
1. Inventory at 30 September 20X9 is valued at £13,480.
2. Rates include a payment of £2,300 for the six months from 1 July 20X9.
3. Depreciation on plant is 15 per cent per annum of cost and the loose tools were valued at £7,800 on 30 September 20X9. Goodwill did not suffer any diminution in value. The company does not depreciate its premises.
4. The allowance for irrecoverable receivables is to be adjusted to 10 per cent of the trade receivables at the end of the year.
5. The preference share dividends are outstanding at the end of the year and the last half year’s interest on the debentures has not been paid.

6. The corporation tax on this year’s profit is £6,370.
7. The directors propose to declare a final dividend on the equity shares of 13 pence per share and transfer £2,500 to revenue reserves.

You are required to prepare in publishable form a statement of comprehensive income and a statement of changes in equity for the year ended 30 September 20X9, and a statement of financial position at that date.

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Allotted and called-up share capital: 100,000 equity shares of £1 each 50,000 7% preference shares of 50p each Leasehold premises at valuation Goodwill Plant and machinery (cost £80,000) Loose tools (cost £13,000) Inventory Trade receivables/trade payables Bank overdraft Purchases/sales revenue Directors' salaries Rates Light and heat Plant hire Interest on debentures Preliminary expenses 10% debentures Allowance for irrecoverable receivables Share premium Retained earnings Revenue reserve Interim dividend on equity shares paid Audit fees Revaluation reserve Irrecoverable receivables Listed investments Investment income Debit £ 140,000 20,000 66,900 9,100 9,400 11,200 49,700 22,000 4,650 3,830 6,600 1,200 1,270 3,250 1,750 700 8,000 359,550 Credit £ 100,000 25,000 8,300 7,800 135,250 24,000 910 35,000 2,580 10,200 9,860 650 359,550