Financial position statement

The trial balance of Penguin Co, a limited liability entity, as at 31 December 20X5 was as follows:
Dr Cr $ $
Sales and purchases 20,000 50,000
Inventory 8,000
Distribution costs 8,000
Administration expenses 15,550
Receivables and payables 10,000 20,000
Fundamental reorganisation costs 2,400
Cash at bank 7,250
Ordinary shares 50c 8,000
10% irredeemable preference shares $1 9,000
10% loan notes 8,000
Non-current assets at carrying amount 35,000
Share premium 3,000
Accumulated profits at 1 January 20X5 3,000
Loan note Interest paid 800
Preference dividend paid 900
Interim ordinary dividend paid 1,600
Tax 500
Suspense 8,000
109,500 109,500

The following is to be taken into account.
1 A building whose carrying amount is currently $5,000 is to be revalued to $11,000.
2 A final ordinary dividend of 10c per share is to be proposed.
3 The balance on the income tax account represents an overprovision of tax for the previous year. Tax for the current year is estimated at $3,000.
4 Closing inventory is $12,000.
5 The balance on the suspense account represents the proceeds from the issue of 4,000 ordinary shares.
Prepare the following financial statements of Penguin Co for the year ended 31 December 20X5:
1 statement of profit or loss and other comprehensive income (20)
2 statement of financial position (20)
3 statements of changes in equity.