Neco 2023 Financial Accounting Question 3

At 31 Dec 2023 the following balances (all in \u20a6) were recorded for Company Z:\n\nShare capital - ordinary 500,000\nShare premium 150,000\nRetained earnings (beginning) 200,000\nRevaluation surplus 80,000\nNon‑controlling interest 30,000\nProperty, plant and equipment (cost) 1,200,000\nAccumulated depreciation - PPE 300,000\nInvestments 430,000\nInventory 250,000\nTrade receivables 180,000\nCash and bank 90,000\nTrade payables 210,000\nTax payable 25,000\nLong‑term loan 400,000\n\nDuring the year the following events occurred:\n1. The company issued 10,000 new ordinary shares at a premium of \u20a55 per share.\n2. Profit before tax was \u20a6180,000; tax expense incurred was \u20a645,000, of which \u20a615,000 remains unpaid at year‑end.\n3. PPE was revalued upward by \u20a6120,000 (the increase is transferred to other comprehensive income).\n4. Dividends of \u20a660,000 were paid.\n5. An impairment loss on inventory of \u20a630,000 was recognised.\n\nPrepare a statement of financial position as at 31 Dec 2023 showing total assets, total liabilities and total equity (including non‑controlling interest).