1.2 Refer to Information A to K. Complete the Statement of Financial Position on 28 February...

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1.2 Refer to Information A to K. Complete the Statement of Financial Position on 28 February 2023. (Show workings) (38 Marks) EV Draw Andaloud Ask Copilot E3 2 A: Amounts extracted from the records on 28 February 2023 Balance sheet accounts section Ordinary share capital Retained income Fixed assets (carrying value) Loan from BAT Bank Trading stock Net trade debtors R 7 $20,000 7 284,000 408,680 67,200 Fixed deposit GBS Bank Bank (Favorable) 7 SARS Income tax (Provisional payments) 209,000 Creditors control 184,000 Nominal accounts section (pre-adjustment amounts) Insurance Rent income Electricity 30.200 108,450 42.000 C C. The electricity account for February 2023, R5 600, was still outstanding D. The provision for bad debts must be increased by R270 E. An additional insurance policy was taken out on 1 November 2022. The annual premium of R10 200 was paid and recorded F. The rent for February 2023 has not been received yet. The rent increased by 15% on 1 July 2022 G. Net profit after tax, R516 000, was calculated after taking into account all the adjustments above income tax is 30% of the net prof H.75% of the authorized share capital of 900 000 shares was in issue. The directors declared a final dividend of 24 cents per share on 28 February 2023 1 Extract from BAT Bank loon statement Barance (01/03/2022) Instalments (including interest) 376000 92000 48000 interest capitalized Balance (28/02/2023) NOTE: interest has not been entered in the books R50 000 of the loan balance will be settled in the next financial year J. The net asset value per share on 28 February 2023 is 620 cents K. The current ratio is 2.1:1 on 28 February 2023 Search ENG 3814 202/11/29 1.2 Refer to Information A to K. Complete the Statement of Financial Position on 28 February 2023. (Show workings) (38 Marks) EV Draw Andaloud Ask Copilot E3 2 A: Amounts extracted from the records on 28 February 2023 Balance sheet accounts section Ordinary share capital Retained income Fixed assets (carrying value) Loan from BAT Bank Trading stock Net trade debtors R 7 $20,000 7 284,000 408,680 67,200 Fixed deposit GBS Bank Bank (Favorable) 7 SARS Income tax (Provisional payments) 209,000 Creditors control 184,000 Nominal accounts section (pre-adjustment amounts) Insurance Rent income Electricity 30.200 108,450 42.000 C C. The electricity account for February 2023, R5 600, was still outstanding D. The provision for bad debts must be increased by R270 E. An additional insurance policy was taken out on 1 November 2022. The annual premium of R10 200 was paid and recorded F. The rent for February 2023 has not been received yet. The rent increased by 15% on 1 July 2022 G. Net profit after tax, R516 000, was calculated after taking into account all the adjustments above income tax is 30% of the net prof H.75% of the authorized share capital of 900 000 shares was in issue. The directors declared a final dividend of 24 cents per share on 28 February 2023 1 Extract from BAT Bank loon statement Barance (01/03/2022) Instalments (including interest) 376000 92000 48000 interest capitalized Balance (28/02/2023) NOTE: interest has not been entered in the books R50 000 of the loan balance will be settled in the next financial year J. The net asset value per share on 28 February 2023 is 620 cents K. The current ratio is 2.1:1 on 28 February 2023 Search ENG 3814 202/11/29