The following trial balance is available for Smash Plc as at 30 November 2022: The following additional information is available: (1) Smash Plc has two manufacturing plants, one in Cork and one in Dublin. During 2021/22 a strategic decision was taken to close the Cork plant and it was closed on 31 August 2022. The following analysis is available concerning the Cork plant: (2) As a result of the closure of the Cork factory, closure costs amounting to 900 million were incurred. These costs were included in the Cork administration expenses in the above trial balance. (3) It was necessary to carry out a fundamental re-organisation of the Dublin factory which would change the nature and focus of Smash Plc's activities. Reorganisation expenses amounting to 700 million were accruing at the year end. These expenses were not included in the trial balance. (4) The Cork factory was sold on 28 November 2022 for 5,000 million. The proceeds of sale were received on 1 December 2022. No transactions relating to the sale of the factory have been recorded in the trial balance. (5) On 30 November 2022, the Dublin factory was revalued to 8,000 million. This revaluation was not reflected in the trial balance. QUESTION 2 (Continued) (6) Depreciation should be provided as follows: \begin{tabular}{lr} Dublin factory - depreciation charge for 2021/22 (based on re-valued & 160 \\ amount) & 80 \\ Cork factory - depreciation charge for 2021/22 & 2,000 \\ Plant and machinery - depreciation charge for 2021/22 & \end{tabular} Depreciation on plant and machinery should be allocated as follows: Dublin plant and machinery 60%; Cork plant and machinery 40% (7) The company issued 500 million 1 shares at a premium of 1 per share during the year. Required: Prepare in a form suitable for publication under International Accounting Standards: (a) an income statement for Smash Plc for the year ended 30 November 2022 (b) the note to the income statement concerning the Cork plant (c) the statement of changes in equity for the year ended 30 November 2022 (d) a statement of financial position at 30 November 2022 (e) Explain what the balance on the share premium account represents. (f) From a shareholder's perspective, explain the difference between the revaluation reserve and the revenue reserve. (g) Explain the treatment of proposed dividends under international accounting standards