The following balances existed in the accounting records of Koppa Ltd at 31 December 20X9:

In preparing the company’s statement of comprehensive income and statement of financial position at 31 December 20X9 the following further information is relevant:
1. Inventory at 31 December 20X9 was £880,000.
2. Depreciation is to be provided for as follows:
Depreciation on buildings and office equipment is all charged to administrative expenses.
Depreciation on motor vehicles is to be split equally between distribution costs and administrative expenses.
3. The £180,000 total for development costs as at 1 January 20X9 relates to two projects:

4. The research and development expenditure for the year is made up of:

5. The freehold land had originally cost £2,000,000 and was revalued on 31 December 20X9.
6. Prepayments and accruals at 31 December 20X9 were:

7. The share premium account balance arose as a result of the issue during 20X9 of 1,000,000 50p equity shares at £1 each. All shares qualify for the proposed final dividend to be provided for (see note below).
8. A final dividend of 20p per share is proposed.

Required
Prepare the company’s statement of comprehensive income, statement of changes in equity for the year ended 31 December 20X9, and statement of financial position as at that date, in a form suitable for publication as far as the information provided permits. No notes are required. Ignore taxation.

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Development costs capitalized, 1 January 20X9 Freehold land as revalued 31 December 20X9 Buildings - cost - aggregate depreciation at 1 January 20X9 Office equipment-cost - aggregate depreciation at 1 January 20X9 Motor vehicles - cost - aggregate depreciation at 1 January 20X9 Trade receivables Cash at bank Trade payables 12% debentures (issued 20X2 and redeemable 20Y4) Called up share capital-equity shares of 50p each Share premium account Revaluation reserve Retained earnings 1 January 20X9 Sales revenue Purchases Research and development expenditure for the year Inventories 1 January 20X9 Distribution costs Administrative expenses Debenture interest Interim dividend paid £000 180 2,200 900 100 260 60 200 90 1,360 90 820 1,000 1,000 500 200 1,272 8,650 5,010 162 990 460 1,560 120 200