QUESTION 3 (20 Marks) REQUIRED Use the information provided below to prepare the Statement of Financial Position of Glendale Limited as at 31 May 2020. Ensure that the statement includes headings for Non-current assets, Current assets, Equity, Non-current liabilities and Current liabilities. The notes to the financial statements are not required. INFORMATION The following balances were obtained from the accounting records of Glendale Limited after all the adjustments and closing transfers were completed on 31 May 2020: R Shares in XYZ Limited 600 000 Ordinary share capital 1 434 000 Retained income 300 000 Loan: Brits Bank 150 000 Equipment 1 380 000 Accumulated depreciation on equipment 180 000 Inventory 210 000 Debtors control 60 000 Provision for bad debts 3 000 Accrued income 6 000 Bank (DR) 69 000 Cash float 6 000 Creditors control 135 000 Accrued expenses 42 000 South African Revenue Services: Company tax payable 15 000 Shareholders for dividends (Dividends payable) 72 000 Additional information R30 000 of the loan balance of R150 000 is expected to be repaid during the next financial year.