The summarised statement of financial position of Modern Mayhem Ltd at 30 June 2025 for presentation to management is as follows.

Required

(a) Prepare the statement of financial position for external reporting purposes of Modern Mayhem Ltd at 30 June 2025 in accordance with the format illustrated in figure 17.4.

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Current assets MODERN MAYHEM LTD Statement of financial position as at 30 June 2025 Current liabilities Cash at bank S Accounts S 258 000 payable 45 000 Accounts receivable 50 000 Dividends 6 000 (net) payable Inventory 85 000 Current tax 5 000 $ 56 000 liability Assets held for sale 15 000 $ 408 000 Non-current liability Non-current assets Mortgage 110 000 payable Property, Plant and Equipment Accumulated depreciation (130 000) 565 000 EQUITY Share capital 500 000 Goodwill 55 000 General reserve 68 000 Accumulated (11 000) 479 000 Retained 153 000 721 000 impairment earnings $ $ 887 000 887 000