The following is an extract from the trial balance of Ramteet Ltd at 31 December 2014 after the preparation of the income statement and statement of changes in equity for the year ended on that date.

Required

Prepare the statement of financial position for Ramteet Ltd at 31 December 2014.

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Dr Cr 10% debentures 2020-2022 30 000 Cash and cash equivalents 18 100 Expenses prepad 8 200 Fixtures and fittings: net book value 82 000 General reserve 40 000 Inventory at 31 December 2014 44 900 Issued share capital 8% preference shares of $2 each 160 000 Ordinary shares of $1 each 200 000 Premises: net bock value 410 000 Rental income owing Retained earnings 2 100 63 900 Share premium 40 000 Trade payables 32 100 Trade receivables 36 900 Totals 584 100 584 100