SECTION A - [You MUST answer this question] Question 1 The trial balance for Rose Lid for the year ended 30" June 2020 is as follows: Debit Credit $'000 $'000 Administrative expenses 12,150 Selling expenses 8,125 Production wages and salaries 5,975 Selling and distribution wages and salaries 4,520 Administrative wages and salaries 4,000 Distribution costs 2,875 Cash at bank 8,250 Share capital 12,250 Trade receivables 9,300 Provision for doubtful debts 450 Trade payables 8,250 Motor vehicles: Cost 14,000 Motor vehicles: Accumulated depreciation at 1st Jul 2019 1,800 Plant and machinery: Cost 20,000 Plant & Machinery: Accumulated depreciation at 1st Jul 7,850 2019 Freehold Land and Buildings: cost 17,000 Accumulated depreciation: Freehold Buildings at 1st Jul 3,250 2019 Dividend paid 1,300 Retained profits at 1st Jul 2019 10,800 Intangible Asset 900 Inventory at 1st Jul 2019 6,200 Sales 75,120 Bad debt expense 475 Purchases 24,200 Bank interest paid 500 Long term bank loan repayable in 2026 20,000 139,770 139,770