From the following balances in the books of Breaker plc you are to draw up (i) a detailed statement of profit or loss for the year ending 31 March 2017 for internal use, and (ii) a statement of profit or loss for publication:

(a) Inventory at 31 March 2017 £230,000.
(b) Accrue auditor’s remuneration £8,000.
(c) Of the plant and machinery, £70,000 is distributive in nature, while £35,000 is for administration.
(d) Depreciate plant and machinery 25% on cost.
(e) Of the motor expenses, 4/5 are for sales and distribution and 1/5 for administration.
(f) Corporation tax on ordinary profits is estimated at £143,000.
(g) A sum of £25,000 is to be transferred to general reserve.

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Plant and machinery, at cost (see Note (c)) Bank interest receivable Discounts allowed Discounts received Hire of motor vehicles: Sales and distribution Hire of motor vehicles: Administrative Licence fees receivable General distribution expenses General administrative expenses Wages and salaries: Sales and distribution Administrative Directors' remuneration Motor expenses (see Note (e)) Ordinary dividend paid Inventory 31 March 2016 Revenue Purchases Returns outwards Returns inwards Retained profits as at 31 March 2016 £ 105,000 3,000 7,000 6,000 14,000 5,000 13,000 26,000 19,000 177,000 98,000 41,000 11,000 80,000 208,000 1,450,000 700,000 22,000 29,000 88,000