The following details are taken from the accounting records of Mars Lid as at 30 June 2019:

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The following details are taken from the accounting records of Mars Lid as at 30 June2019:DebitCreditPlant and equipment (net of depreciation)$ 800 000Land600 000Buildings (net of depreciation)900 000Investments (long-term)460 000Accounts receivableGOO OOOAllowance for impairment of receivables60 000Inventories520 000Bank overdraft200 000Accounts payable400 000Dividend payable256 000Goodwill (net of impairment)300 000Share capital (3 200 000 shares)2 400 000General reserve290 000Retained earnings375 000Income tax payable249 000Other debtors50 000$4 230 000$4 230 000Additional information(a ) Profit after tax for the year was $645 000.(b) During the year $30 000 was transferred from retained earnings to general reserve.(c) A final dividend of 10c per share has been declared.Required1. Prepare the statement of changes in equity in accordance with AASB 101. (4marks)2. Prepare the statement of financial position in accordance with AASB 101. Usethe current/non-current presentation format. (6 marks)