QUESTION THREE $(50$ MARKS$)$

The following is the trial balance of Marvellous Ltd$.$ The company has a $31$ December year end.

The information will be used to prepare statement of financial position Marvellous Ltd$.$

Trial balance as at $31$ December $2023$

$\backslash$table$[[,$Dr$,$Cr$],[,$R$,$R$],[$Advertising costs,$29600,],[$Delivering costs,$44200,],[$Income tax expense,$687190,],[$Profit on expropriation of land,,$100000],[$Dividends paid,$160000,],[$Dividends received,,$14000],[$Rental received,,$6000],[$Commission received,,$300000],[$Rent expense,$12000,],[$Cost of Sales,$20933200,],[$Creditioss Heth Madd,$90200,],[$Interest pand,$66500,],[,1877600,]]$

$\backslash$table$[[$Salaries : Administrative personnel,$\frac{18}{600},],[$Sales Agent,$168400,],[$Stationery$,22000,],[,,4022],[$Sales$,,400],[$Depreciation: Delivery Vehicles,$53400,],[$Office Buildings,$16400,],[$Bank$,805010,],[$Investment in Shares,$586000,],[$Debtors$,90000,],[$Property$,$ plant and equipment,$550000,],[$Goodwill$,96000,],[$Fixed deposit,$113\mathrm{.}600,],[$Othertangmenta dissets,$50000,],[$Creditors$,,51000],[,,40000],[,,189],[$Sho$,,450],[,,404],[,,000],[,,600],[,,000],[$Reva uaturesumpuss,,$32750]]$

$\backslash$table$[[$Revaluation surplus $-$ Reserves,$38400],[182],[$Cash float,$000,],[,,200],[$Issued ordinary share capital,,$000],[$Mortgage bond,,$3000]]$

Preference share capital

Inventories

Required

$($i$)$ Preparethe statement of profit or loss and other comprehensive income for the year ended $31$ December $2023.(20)$ Prepare the Statement of finarcial position for the year ended $31$ December $2023.(20)$

$($iii$)-$ Prepare the Statement of changes in equity for the year ended $31$ December $2023.(10)$