Required: 1. prepare the Income Statement for the year ended December 31, 2014 2. Prepare the Statement of Financial Position as at Decenber, 31, 2014. 3.Prepare the Statement of Financial Position as at December 31, 2012. Question 3 Millsborough Limited list of balances year ended December 31,2012 3 Prepaid insurance during 2012 amounted to $2,400 4 Provide for Corporation tax of $28,602 for 2012 5 Transfer $2,000 to general reserve. 6 Weighted average number of ordinary shares in issue during 2012 amounted to 50,000 Femmiter1201yro 14 8 Requlred: I Prepare the Statement of Comprehensive income for the year ended December 31,2012. (19 marks) I Prepare the Statement of Changes in Equity for the year ended December 31, 2012. (11 marks) ) Prepare the Statement of Financial Position as at December 31, 2012. (10 marks).

1. Required: 1. prepare the Income Statement for the year ended December 31, 2014
2. Prepare the Statement of Financial Position as at Decenber, 31, 2014.
3.Prepare the Statement of Financial Position as at December 31, 2012. Question 3 Millsborough
Limited list of balances year ended December 31,2012 3 Prepaid insurance during 2012
amounted to $2,400 4 Provide for Corporation tax of $28,602 for 2012 5 Transfer $2,000 to
general reserve. 6 Weighted average number of ordinary shares in issue during 2012 amounted to
50,000 Femmiter1201yro 14 8 Requlred: I Prepare the Statement of Comprehensive income for
the year ended December 31,2012. (19 marks) I Prepare the Statement of Changes in Equity for
the year ended December 31, 2012. (11 marks) ) Prepare the Statement of Financial Position as
at December 31, 2012. (10 marks)