3 REQUIRED (20 Marks Use the information provided below to prepare the Statement of Financial Position of Glendale Limited as at 31 May 2020. Ensure that the statement includes headings for Non-current assets, Current assets, Equity, Non-current liabilities and Current liabilities. The notes to the financial statements are not required. INFORMATION The following balances were obtained from the accounting records of Glendale Limited after all the adjustments and closing transfers were completed on 31 May 2020: Shares in XYZ Limited Ordinary share capital Retained income Loan: Brits Bank Equipment Accumulated depreciation on equipment Inventory Debtors control Provision for bad debts Accrued income Bank (DR) Cash float Creditors control Accrued expenses R 600 000 1 434 000 300 000 150 000 1380 000 180 000 210 000 60 000 3 000 6 000 69 000 6000 135 000 42 000 15 000 South African Revenue Services: Company tax payable Shareholders for dividends (Dividends payable) Additional information R30 000 of the loan balance of R150 000 is expected to be repaid during the next financial year. 72 000