Question 2 [Total 10 marks] The following is the Statement of Financial Position of Arham as at 30 November 2020: Arham Statement of Financial Statement as at 30 November 2020 ASSET Non-current assets Freehold premises Shop fittings Current assets Inventory Cash CAPITAL AND LIABILITIES Capital Non-current liabilities RM RM 16,800 8,300 25,100 10,300 600 10,900 36,000 26,200 Loan from mother 2,000 Current liabilities Trade payables 3,200 Payables-due to tax authorities 800 Bank overdraft 3,800 7,800 36,000 The trade payables include RM2,200 owed to Zaidi's Hummer Products Sdn. Bhd. Zaidi has been waiting for payment since August and Arham has been called on several occasions by Zaidi, requesting immediate payment. Arham has an overdraft limit of RM4,000. Arham has asked for your advice on whether he should ask the bank manager for an increase in his overdraft limit. Assess Arham's business position at 30 November 2020 as shown by the statement of financial position.