Question: Please help to make the Statement of Changes in Equity (using the tabular format) for the below data: Income Statement Internal Use only For the

Please help to make the Statement of Changes in Equity (using the tabular format) for the below data:

Please help to make the Statement of Changes in Equity (using thetabular format) for the below data: Income Statement Internal Use only Forthe year ended 30 June 2019 Sales all on credit 439,252 Less

Income Statement Internal Use only For the year ended 30 June 2019 Sales all on credit 439,252 Less cost of goods sold Inventory 1/7/2018 38,223 Purchases (all on credit) 149,823 188,046 Less inventory 30/06/2019 37, 1 19 Cost of goods sold 150,927 Gross profit 288,325 Add profit on debenture redemption 2,500 Add commissions 2,950 5,450 Total income 293,775 Less expenses Salary and wages 96, 126 Depreciation buildings 3,300 Depreciation plant and machinery 7,890 Interest paid 12,000 Doubtful debts 200 Discount allowed 1, 144 Bad debts 2,667 Other operating expenses 98,297 Impairment loss - Investments 6,000 227,624 Net profit before tax 66, 151 Income tax expenses 22,985 Net profit after tax 43, 166Internal Balance Sheet Comparative balances 30 June 2018 30 June 2019 Current Assets Cash at Bank 58,109 182,580 Inventory 38,223 37,119 Accounts receivable 51,304 57,701.00 Allowance for doubtful debts 2,100 49,204 2,300.00 55,401 Operating expenses prepaid 814 income commission accrued 270 146,350 275,370 Non-current assets Land and buildings 340,000 340,000.00 Accumulated depreciation 8,900 331,100 12,200.00 327,800 Plant and machinery 34,280 116,680.00 Accumulated depreciation 9,760 24,520 17,650.00 99,030 Goodwill on acquisition 72,000 72,000.00 Accumulated impairment goodwill 6,000.00 66,000 427,620 492,830 Total assets 573,970 768,200 Current liabilities Accounts payable 18,193 19,707 Salaries and wages accrued 983 Other operating expenses accrued 1,439 Dividends payable 20,000 30,000 Taxation payable 3,891 22,985 43,067 74,131 Non-Current Liabilities 8% debentures 150,000 Total Liabilities 43,067 224,131 Net Assets 530,903 544,069 Equity Share ca pital 300,000 375,000 Retained earnings 110,903 124,069 Asset revaluation reserve 120,000 45,000 530,903 544,069 \f

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