If you are not able to answer this question please say so because its been 5 hours are posted this question

QUESTION 1 (20 Marks) REQUIRED Use the information given below to prepare the Statement of Financial Position of Malvern Traders as at 28 February 2022. The notes to the financial statements are not required. Show workings in the space provided in the answer book. INFORMATION Extract from the accounting records of Malvern Traders on 28 February 2022 after the Statement of Additional information that must be considered: - According to the Statement of Comprehensive Income the net profit for the year ended 28 February 2022 amounted to R1080000. - The proprietor took R12 000 worth of trading goods for his personal use after stocktaking was done but this has not been recorded. - Payments amounting to R72000, including interest of R24000, will be made to ZAP Bank towards the loan in the next financial year. - Sixty percent (60%) of the fixed deposit matures on 31 May 2022 and the balance matures on 31 May 2023