8:46 PMO A Assignment 6 MG2 PFRS for SMEs and SEs student A 72 A A B C D E F G 1 2 Assignment 6: PFRS of an SME /SE 3 4 5 6 7 8 9 10 Activity 1 Instructions: 1. Prepare the Statement of Financial Position of JGG Company(report format) -Distingush current and non-current items 2. Identify at the bottom of your Statement of Financial Position, if the entity is a Medium Sized Entity or a Small Entity -(based on the size criteria of the entity) 11 12 The Account Balances of JGG Company as at Dec. 31, 2021 are as follows: 13 14 15 16 17 18 Accounts Receivable Accrued Expenses Accumulated Depreciation Allowance for Doubtful Accounts Cash and Cash Equivalents 19 Dividends declared 20 Dividends payable 21 Environment Provision (restoration to take place in 2025) 22 Income tax payable 23 24 Accrued interest on long-term debt (interest payable every year, end of March) Inventory 25 Investment property at FV 950,000.00 1,500.00 725,000.00 100,000.00 115,000.00 50,000.00 50,000.00 140,500.00 65,000.00 115,000.00 590,000.00 1,250,000.00 26 Profit for the year 27 PPE, at cost 28 Long term debt, (P 500,000 is due every, end of Jan.) 500,000.00 2,162,000.00 1,150,000.00 29 Share Capital 750,000.00 30 Retained Earnings, Jan.1, 2021 1,195,000.00 31 Trade Payables 125,000.00 32 Warranty Provisions (expiring 12 months from the date of sale) 200,000.00 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 co fx Enter text or formula here