The following trial balance relates to Golden Ltd at 30* September 2018 GHS'000 GHS000 Sales (a) Material purchases (b) 760,000 128,000 Production labour (b) Factory overheads (b) 248,000 160,000 Distribution costs 28,400 Administrative expenses (c) 92,800 Finance costs 700 Investment income 1,600 Leased property - at cost (b) Plant and equipment - at cost (b) Accumulated amortisation/depreciation at 1/10/2017 - leased property - plant and equipment Equity investments (e) Inventory at 1/10/17 100,000 89,000 20,000 29,000 36,000 93,400 Trade receivables 67,100 Trade payables 55,600 Bank 4,600 Stated capital (GHS0.2) Income surplus (1/10/2017) Deferred tax (f) 100,000 67,200 5,400 1,043,400 1,043,400 The following notes are relevant: (a) Sales include goods sold and dispatched in September 2018 on a 30-day right of return basis. Their selling price was GHS4.8m and they were sold at a gross profit margin of 25%. In the past, Golden Ltd's customers have always met their obligations under this type of agreement. (b) Non-current assets: In the course of the year, Golden Ltd produced an item of equipment for its own use. The direct materials for the equipment cost GHS6M and the labour cost GHS8M. Manufacturing overheads are 50% of direct labour cost and Golden Ltd determines the final selling price for goods by adding a mark-up on total cost of 40%. The direct materials, labour and overheads are included in the relevant expense items in the trial balance. The equipment was completed and was put to use on 1 July 2018. All plant and equipment is depreciated at 25% per annum using the straight line method with time apportionment in the year of acquisition. The management of Golden revalued the leased property in line with recent increases in market values. On 1 October 2017 an independent architect valued the leased property at GHS96M, which the management agreed to. The leased property had an original useful life of 20 years which has not changed. Revaluation