Question $2[20$ Marks$]$

Study the following information and answer the questions that follow.

Pixma Limited began operations in January $2017$ with N$$900000$ obtained from selling $450000$

ordinary shares at an issue price of N$$2$ each. During the year it purchased plant and equipment

for N$$750000$ and land for N$$450000,$ financing the purchase with a mortgage bond of N$$287$

$500,$ a long$-$term loan of N$$595000,$ and cash for the balance. On $31$ December $2017$:

The amount owing by trade debtors totalled N$$43000.$ N$$32000$ was owing to trade creditors.

Inventories on hand amounted to N$$67000.$ The bank balance was overdrawn by N$$24000.$

Retained earnings at the end of the financial year amounted to N$$30000.$

Required

Calculate the following as at $31$ December $2015$:

$2\mathrm{.}1.$ Own capital

$2\mathrm{.}2.$ Borrowed capital

$2\mathrm{.}3.$ Current assets

$2\mathrm{.}4.$ Non$-$current assets

$2\mathrm{.}5.$ Total assets

$2\mathrm{.}6.$ Equity

$2\mathrm{.}7.$ Non$-$current liabilities

$2\mathrm{.}8.$ Current liabilities

$2\mathrm{.}9.$ Total liabilities