The summarised Balance Sheet of Omicron Ltd at 31 December 2002 was as follows. On 1 January

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The summarised Balance Sheet of Omicron Ltd at 31 December 2002 was as follows.

On 1 January 2003 before any other transactions had taken place the following had occurred: 

1. redemption of all the debentures at a premium of 5% 

2. redemption of all the preference shares at $1.25 per share. 

The shares had originally been issued at $1.10 per share. 


Required 

A revised Balance Sheet at 1 January 2003 as it appeared after the redemption of the debentures and the preference shares.

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