Question 1 Do It Centre Limited's Authorised Share Capital includes: 1 000 000 ordinary shares at $4 each 600 000 8% preference shares at $6 each At the end of the year ending November 30, 2018, the following information was extracted from the books of the company: Issued share capital: 800 000 Ordinary Shares @ $4 3 200 000 400 000 8% Preference Shares @$62 400 000 10% Loan 800 000 Interest on Loan 80 000 Provision for Depreciation 378 000 Bad Debt 72 000 Office Equipment 3 000 000 Motor Vehicles 900 000 Debtors 1 600 000 Creditors 800 000 Bank 3 174 000 Wages and Salaries 1 340 000 Wages and Salaries Accrued 128 000 Rent 530 000 Rent paid Prepaid 170 000 Inventory 600 000 Telephone 100 000 Telephone Prepaid 20 000 Bad Debt Recovered 18 000 Electricity 300 000 Cost of Sales 4 400 000 Depreciation 182 000 Commission Received 240 000 Dividend Paid-Ordinary Shares 260 000 Sales 8 000 000 N.B. Dividends on Preference Shares was paid in full. Prepare Do It Centre Limited's: i. Income Statement; (10 marks) ii. Appropriation Account (5 marks) iii. Statement of Financial Position (10 marks)