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Greek Limited list of balances on December 31,2017 Additional Information: Ordinary dividends amounting...

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Accounting

Greek Limited list of balances on December 31,2017
Additional Information:
Ordinary dividends amounting to $30,000 was paid in December 2017, but this dividend is not
yet reflected in the 2017 accounts.
Transfer $10,000 to general reserves.
Corporation tax is estimated at $12,800 for the 2017 financial year.
$50,000 of the long-term loan will be paid on December 31,2018.
The weighted average number of ordinary shares in issue during 2017 was 200,000.
Required:
a. Prepare the Income Statement for the year ended December 31,2017.
b. Prepare the Statement of Changes in Equity for the year ended December 31,2017.
c. Prepare the Statement of Financial Position as at December 31,2017.
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