Question: Question 2 (8 Marks) Prepare the Statement of Financial Position for the years 2018 and 2019: Particulars 2018 2019 Short Term Loan 14,320 11,936 Taxation

Question 2 (8 Marks) Prepare the Statement of Financial Position for the years 2018 and 2019: Particulars 2018 2019 Short Term Loan 14,320 11,936 Taxation 21,816 18,440 Proposed Dividend 8,400 6,000 Trade Receivables 10,200 12,696 Share Premium 8,800 5,600 9% Redeemable Bonds 4,200 8,400 Equipment, Buidling and Motor Vehicles 80,048 64,832 Ordinary Share Capital 56,000 40,000 Sundry Debtors 10,200 12,696 Legal Reserves 8,000 5,600 Bank 18,208 7,960 Retained Earnings 20,560 13,792 Closing Stock 23,440 11,584

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