Add a copy constructor for the linked list implementation below. Upload list.cpp with your code added. (DO NOT MODIFY THE HEADER FILE OR TEST FILE. only modify the list.cpp)

/*LIST.CPP : */

#include "list.h"

using namespace std;

// Node class implemenation

template <typename T>
Node<T>::Node(T element) { // Constructor
   data = element;
   previous = nullptr;
   next = nullptr;
}

// List implementation

template <typename T>
List<T>::List() {
   head = nullptr;
   tail = nullptr;
}

template <typename T>
List<T>::List(const List& rhs) // Copy constructor - homework
{
   // Your code here
  
}

template <typename T>
List<T>::~List() { // Destructor
   for(Node<T>* n = head; n != nullptr; n = n->next) {
       delete n;
   }

}

template <typename T>
void List<T>::push_back(T element) {
   Node<T>* new_node = new Node<T>(element);
   if (tail == nullptr) { // Empty list
       head = new_node;
       tail = new_node;
   } else {
       new_node->previous = tail;
       tail->next = new_node;
       tail = new_node;
}
}

template <typename T>
void List<T>::insert(Iterator<T> iter, T element) {
   if (iter.position == nullptr) {
       push_back(element);
       return;
   }

   Node<T>* after = iter.position;
   Node<T>* before = after->previous;
   Node<T>* new_node = new Node<T>(element);
   new_node->previous = before;
   new_node->next = after;
   after->previous = new_node;
   if (before == nullptr) {
       head = new_node;
   } else {
       before->next = new_node;
   }
}

template <typename T>
Iterator<T> List<T>::erase(Iterator<T> iter) {
   Node<T>* remove = iter.position;
   Node<T>* before = remove->previous;
   Node<T>* after = remove->next;
   if (remove == head) {
       head = after;
   } else {
       before->next = after;
   }
   if (remove == tail) {
       tail = before;
   } else {
       after->previous = before;
   }
   delete remove;
   Iterator<T> r;
   r.position = after;
   r.container = this;
   return r;
}

template <typename T>
Iterator<T> List<T>::begin() {
   Iterator<T> iter;
   iter.position = head;
   iter.container = this;
   return iter;
}

template <typename T>
Iterator<T> List<T>::end() {
   Iterator<T> iter;
   iter.position = nullptr;
   iter.container = this;
   return iter;
}

// Iterator implementation

template <typename T>
Iterator<T>::Iterator() {
   position = nullptr;
   container = nullptr;
}

template <typename T>
T Iterator<T>::get() const {
   return position->data;
}

template <typename T>
void Iterator<T>::next() {
   position = position->next;
}

template <typename T>
void Iterator<T>::previous() {
   if (position == nullptr) {
       position = container->tail;
   } else {
       position = position->previous;
   }
}

template <typename T>
bool Iterator<T>::equals(Iterator<T> other) const {
return position == other.position;
}


/*LIST.H :*/

// Doubly linked list
#ifndef LIST_H
#define LIST_H

template<typename T> class List;
template<typename T> class Iterator;

template <typename T>
class Node {
   public:
       Node(T element);
   private:
       T data;
       Node* previous;
       Node* next;
   friend class List<T>;
   friend class Iterator<T>;
};

template <typename T>
class List {
   public:
       List(); // Constructor
       List(const List& rhs); // Copy constructor - Homework
       ~List(); // Destructor
       void push_back(T element); // Inserts to back of list
       void insert(Iterator<T> iter, T element); // Insert after location pointed by iter
       Iterator<T> erase(Iterator<T> iter); // Delete from location pointed by iter
       Iterator<T> begin(); // Point to beginning of list
       Iterator<T> end(); // Point to past end of list
   private:
       Node<T>* head;
       Node<T>* tail;
   friend class Iterator<T>;
};

template <typename T>
class Iterator {
   public:
       Iterator();
       T get() const; // Get value pointed to by iterator
       void next(); // Advance iterator forward
       void previous(); // Advance iterator backward
       bool equals(Iterator<T> other) const; // Compare values pointed to by two iterators
   private:
       Node<T>* position; // Node pointed to by iterator
       List<T>* container; // List the iterator is used to iterattoe
   friend class List<T>;
};

#endif

/*LIST TEST.CPP*/

// Test for templated linked list impementation
#include <iostream>
#include "list.h"
#include "list.cpp"
using namespace std;

int main() {
   List<string> planets;
   planets.push_back("Mercury");
   planets.push_back("Venus");
   planets.push_back("Earth");
   planets.push_back("Mars");

   for (auto p = planets.begin(); !p.equals(planets.end()); p.next())
       cout << p.get() << " ";
   cout << endl;

   // Test erase
   auto p = planets.begin();
   // Erase earth
   p.next(); p.next();
   auto it = planets.erase(p);
   cout << "Next in list: " << it.get() << endl;

   // Test copy constructor - homework
   List<string> planetsCopy(planets);
   // Insert Earth into copy
   p = planetsCopy.begin();
   p.next();
   planetsCopy.insert(p, "Earth");
  
   // Print copied list - Should print: Mercury Earth Venus Mars
   for (auto p = planetsCopy.begin(); !p.equals(planetsCopy.end()); p.next())
       cout << p.get() << " ";
   cout << endl;

   // Print original list - Should print: Mercury Venus Mars
   for (auto p = planets.begin(); !p.equals(planets.end()); p.next())
       cout << p.get() << " ";
   cout << endl;

}

1. Trevonne had a $750,000 line of credit with Treyenne State bank. They had an outstanding balance of $150,000 at the beginning of 2020, paid $72,000 on the balance on January 28, 2020, borrowed an additional $165,000 on March 16, 2020. If the interest rate is seven percent compounded monthly, what is the balance on the line of credit as of March 31, 2020.

Protek Ltd, a masks distributor company, provides the following trial balance for the year ended 30 June 2020:

Protek Ltd

Trial balance as at 30 June 2020

Debit ($)

Credit ($)

Sales of N97 surgical masks

2,151,670

Sales of 4-ply masks

3,120,850

Sales of masks filters

3,288,426

Cost of goods sold

4,688,000

Rental expenses

375,950

Salaries and wages

1,980,000

Administration expenses

128,450

Annual leave expense

98,510

Doubtful debts expense

158,000

Depreciation expense

376,000

Amortisation expense - patent

56,900

Interest expense

22,500

Interest income

8,200

Selling expenses

66,800

Income tax expense

228,600

Cash on hand

53,000

Cash management account

230,000

Trade debtors

478,600

Allowance for doubtful debts

19,144

Inventories

455,040

Land   

760,000

Motor vehicles

630,000

Accumulated depreciation - motor vehicles

252,000

Office equipment

620,000

Accumulated depreciation - office equipment

124,000

Patent (5 years)

569,000

Accumulated amortisation - patent

56,900

Deferred tax asset

28,500

Deferred tax liability

125,000

Bank loan

450,000

Trade creditors

182,560

Provision for annual leave

43,000

Current tax liability

132,100

Retained earnings, 1 July 2019

70,000

Dividends paid

20,000

Share capital

2,000,000

12,023,850

12,023,850

Additional information:

Protek Ltd is a reporting entity in accordance with the requirements of Australian’s Conceptual Framework.

The bank loan is repayable in 3 years.

The depreciation expense of $376,000 relates to motor vehicles and office equipment amounted to $252,000 and $124,000 respectively.

60% of the provision for annual leave are expected to be payable within 1 year and the remaining is payable after 1 year.

The patent was acquired on 1 January 2020. It represents fees paid to Teknova Group, a manufacturer company based in China. Protek Ltd is given the sole distributorship in Australia to sell the new high quality mask, N97, designed for first line workers in the health industry. The patent lasts for 5 years.

There was no new shares issued during the financial year ending 30 June 2020.

Protek Ltd uses the single statement format for the statement of profit or loss and other comprehensive income and presents an analysis of expenses by function on the statement.

The following expenses are allocated to administrative expenses and distribution costs for the purposes of preparation of the statement of profit or loss and other comprehensive income:

Administrative expenses

Distribution costs

Rental expenses

40%

60%

Salaries and wages

50%

50%

Administration expenses

100%

-

Annual leave expense

50%

50%

Doubtful debts expense

-

100%

Depreciation expense – motor vehicles

10%

90%

Depreciation expense – office equipment

80%

20%

Amortisation expense - patent

100%

-

Selling expenses

-

100%

In relation to the statement of financial position, where AASB 101 requires entities to disclose further sub-classifications of the minimum line items on the face of the statement or in the notes, the directors of Protek Ltd want to report only the minimum line items on the face of the statement, and leave the sub-classifications to be disclosed in the notes.

Part A

As the accountant for the entity, prepare the following statements of Protek Ltd the year ended 30 June 2020 in accordance with AASB101:

Statement of profit or loss and other comprehensive income;

Statement of financial position; and

Statement of changes in equity.

In preparing the above statements, you should use the line items that a listed company is likely to use and refer to paragraphs 54, 82, 82A and 106 of AASB 101 in determining the line items to be presented. Show all workings to support your figures presented in the statements. Disclosure notes and comparative figures are not required.

Note: In preparing the statements for Part A, you should consider only information given in this part and ignore information given in Part B below.

Part B

The following events occurred after the preparation of statements was completed in Part A above.

Event 1

The directors have asked you to review the doubtful debts allowance due to the high level of bad debts expense that occurred during the year. The allowance is currently measured based on 4% of trade debtors’ balances following the advice of Jane, who is one of the directors. After reviewing industry averages, you have advised the directors that the allowances should be revised to 8% of the trade debtors’ balances and the directors agreed to your proposal and adopt the new basis from 1 July 2019. This change is considered material in Protek Ltd’s case.

Required:

State if the above situation would constitute a change in accounting policy or a change in accounting estimate. Explain and support your answers by making reference to relevant paragraphs in AASB108.

Prepare necessary adjusting entries and/or notes disclosures required to account for the change in the doubtful debt allowance for the year ended 30 June 2020.

Event 2

Protek Ltd stored its masks in rented warehouses located in several locations. One of the warehouses in Orange was destroyed by bushfires on 29 July 2020. From the accounting records, there were 8,000 boxes of N95 masks stored in that warehouse, with cost of inventories valued at $120,000. Unfortunately, there was no insurance policy acquired to cover this loss and the loss is considered material for Protek Ltd.

The financial statements for the year ended 30 June 2020 were authorised for issue by the directors on 28 August 2020.

Required:

Classify the above event as either an adjusting or non-adjusting event after the end of the reporting period. Justify your answer by making reference to AASB110.

Consistent with your answer to (i) above, prepare any journal entries and/or note disclosures required to comply with the requirements of AASB110.

Thorp Inc. maintains a defined benefit pension plan for its employees. Pension plan balances as at January 1, 2020 include:    

¹ These prior service costs are from 2019 and already included in PBO on January 1,2020.

Required:

1. Determine the pension expenses recognized in 2020.
2. Prepare the journal entries to reflect the accounting for the pension plan for 2020.
3. Prepare the ending balances (31 December 2020) for plan assets, PBO, and calculate net pension liability.
4. What will be the expected impact of the current pandemic (Covid-19) on PBO?  

accounting question

On 1 April 2010 Parent Ltd acquired 90% of the equity in Subsidiary Ltd for $650 000 cash. At this date the equity of Subsidiary Ltd comprised:

Part A

(a) Assume the net assets of Subsidiary Ltd were at fair value on 1 April 2010. Prepare the notional journal entry to offset the carrying amount of the asset Investment in Subsidiary Ltd and the parent’s portion of equity in Subsidiary Ltd in accordance with the requirements of NZ IFRS 3 Business Combinations and NZ IFRS 10 Consolidated Financial Statements.

(b) Assume the net assets of Subsidiary Ltd were not at fair value on 1 April 2010. At the date of acquisition Subsidiary Ltd had an unrecognised intangible asset of $22 000 and a contingent liability of $8 000. Prepare the notional journal entry to offset the carrying amount of the asset Investment in Subsidiary Ltd and the parent’s portion of equity in Subsidiary Ltd in accordance with the requirements of NZ IFRS 3 Business Combinations and NZ IFRS 10 Consolidated Financial Statements.

(c) Briefly explain why the amount of acquired goodwill recognised above in (a) and (b) will not be the same amount.

Part B

Assume the net assets of Subsidiary Ltd were at fair value on 1 April 2010. Prepare the notional journal entry to identify the non-controlling interest (NCI) in Subsidiary Ltd to be reported in the group accounts as at 31 March 2017 in accordance with the requirements of NZ IFRS 3 Business Combinations and NZ IFRS 10 Consolidated Financial Statements. Parent Ltd measures the NCI at the NCI’s proportionate share of the acquiree’s identifiable net assets.

Additional information provided for Part B:

(i) During March 2016 Subsidiary Ltd made sales to Parent Ltd and realised a profit of

$2 000. At 31 March 2016 this purchase was included in the inventory balance of Parent Ltd.

(ii) During March 2017 Subsidiary Ltd made sales to Parent Ltd and realised a profit of

$3 000. Parent Ltd had not sold this purchase of inventory by 31 March 2017.

(iii) At the date of consolidation 31 March 2017 the equity of Subsidiary Ltd comprised:

(iv) The directors of Parent Ltd believe the acquired goodwill in Subsidiary Ltd was impaired by $4 500 in the year ended 31 March 2017.

Question 1 continued:

Jason Company offered a contest in which the winner would receive P1,000,000 payable over twenty years. On December 31, 2019, Jason Company announced the winner of the contest and signed a note payable to the winner for P1,000,000 payable in P50,000 installments every January 31. On December 31, 2019, Jason Company purchased an annuity for P418,250 to provide the P950,000 prize remaining after the first P50,000 installment which was paid on January 31, 2020. On December 31, 2019, what amount should be reported as note payable-contest winner, net of current portion?