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:
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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