The following trial balance has been extracted from the books of account

The following trial balance has been extracted from the books of account of Robins plc at 31 March 2015.

Additional information: 

• Inventory at 31 March 2015 was valued at $125 000. 

• Administration expenses of $4000 have been paid in advance. 

• Depreciation is to be provided as follows: 

• Freehold property: 2 per cent per annum on a straight-line basis, charged to administration expenses. 
• Plant and machinery: 10 per cent per annum on a straight-line basis, charged to cost of sales. 
• Motor vehicles: 20 per cent per annum on a reducing-balance basis, charged to distribution expenses. 

Required

Prepare the following for Robins plc. 

a. An income statement for the year ended 31 March 2015. 

b. A statement of changes in equity for the year ended 31 March 2015. 

c. A statement of financial position as at 31 March 2015.

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