ANNEXURE E FORMATIVE ASSESSMENT QUESTION (25 MARKS) a) You have been presented with the following information for Lead Traders that transpired during the month of August 2020. Date Transaction 1 The owner contributed an amount of R120 000 cash, as wel sa bulding valued at R145 000 to the business Lead Traders purchased trading inventory for R 65 000 on account from Prime Lender Suppliers The insurance premium of R 15 000 was paid through the electronic funds transfer (EFT) A cash sale amounting to R52000 was made the goods were originally purchased at a cost of R 47 000 Lead Traders setted their account with Prime Lender Suppliers in full by cash 15 18 26 Sald goods on account to a customer, Mr. Focus for R24 300. The goods were originally purchased at a cost of R 18 500 Purchased trading inventory amounting to R 34 000 for cash Purchased and in cash amounting to R 400 000 Made electronic payments for the workers salaries and wages amounting to R23 000 Received a payment of R 21 300 from Mr. Focus, a debtor 27 29 Show the effects of the transactions incurred by Lead Traders during the month of August 2020 on the accounting equation. Clearly indicate which account needs to be debited or credited. Ignore VAT and use the below table format in your answer. (26 Marks)