The adjusted trial balance of Greene Ltd as at 30 June 2017 is as follows (in random order):	Debit	Credit
	$	$
Loan to Johnson Ltd (due on 30/6/2023)	398,000
Accounts receivable	1,478,000
Asset revaluation reserve as at 1/7/2016		672,000
Asset Revaluation Reserve - Land		210,000
Administrative staff salaries expense	668,000
Provision for long service leave -short term liability		228,000
Deferred tax liability		359,000
Advertising expense	248,000
Bank loan (unsecured long-term borrowing repayment due on 30/06/2018)		168,000
Bank loan (unsecured long-term borrowing repayment due on 1/07/2018-30/06/2023)		288,000
Carrying amount of plant and machinery sold	240,000
Accumulated amortisation patents & trademarks		153,000
Accumulated impairment loss goodwill		308,000
Cost of sales	3,552,000
Asset Revaluation Reserve - Held-to-maturity share investment		14,000
Deposits at call	248,000
Dividend revenue		171,000
Deferred tax asset	338,000
Provision for long service leave - long term liablility		278,000
Debentures held in Elsvier Ltd (mature on 30/5/2018)	442,000
Accumulated depreciation -
Plant & machinery		334,000
Fixtures & fittings		125,000
Buildings		168,000
Underwriting commission and other share issue costs	175,000
Dividends receivable	136,000
Retained earnings as at 1/7/2016		678,000
Mortgage loan (secured over land and buildings due 30/9/2020)		382,000
Freight inwards	218,000
Freight outwards	243,000
Ordinary shares, fully paid		3,430,000
Goodwill	1,110,000
Accounts payable		600,000
Provision for annual leave		190,000
Land (at fair value)	1,404,000
Buildings	1,028,000
Current tax liabilities		284,000
Allowance for doubtful debts		205,000
Held-to-maturity investment (at fair value, due in 2020)	228,000
General reserve		808,000
Patents and trademarks	303,000
Prepayments	168,000
Inventories	2,078,000
Income tax expense	253,000
Final dividend payable		328,000
Fixtures & fittings - at cost	246,000
Cash at bank	658,000
Sales revenue		7,366,000
Sundry revenue		302,200
Sales returns	150,000
Sales staff salaries and commission expense	628,000
7% debentures due 30/4/2018 (secured over inventories)		213,000
Proceeds on sale of plant and machinery		200,000
Other administrative expense	498,000
Other selling expense	338,000
Plant & machinery - at cost	812,000
Preference shares, fully paid		720,000
Interest expense	196,000
Other expenses	250,000
Interest revenue		178,000
Transfer to general reserve	178,000
Interest payable		137,000
Interim dividend paid - ordinary shares	259,200
Final dividend declared ordinary shares	228,000
Final dividend declared preference shares	100,000
Total	19,497,200	19,497,200

Additional information:

i) Contributed equity as at 1 July 2016 consisted of:

1,000,000 ordinary shares issued at $2.23 each, fully paid $ 2,230,000

360,000 5% preference shares issued at $2.00 each, fully paid 720,000

ii) On 14 July 2016, a rights issue of 600,000 ordinary shares were made at $2.00 each. The underwriting commission and other shares issue costs other share issue costs amounted to $30,000.

iii) On 30 June 2016, both land and held-to-maturity investments were revaluated.

iv) An amount of $178,000 was transferred from retained earnings to general reserve.

v) Accounting policies adopted are consistent with those of the previous year.

vi) The tax rate is 30%

Required

a)Prepare a statement of profit or loss and other comprehensive income for Greene Ltd for the year ended 30 June 2017 (classify expenses by functions). Show all workings.

b)Prepare a statement of financial position for Greene Ltd as at 30 June 2017 to comply with AASB 101. Use the current and non-current presentation format. Show all workings.

c)Prepare a statement of changes in equity for Greene Ltd for the year ended 30 June 2017 according in accordance with the requirements of AASB 101. Show all workings.