QUESTION 4 Use the relevant information provided below to prepare the following: 4.1 Journal entries to record the final dividend and total company tax for the financial year. (4 marks) 4.2 Statement of Financial Position (Balance Sheet) as at 31 August 2022 INFORMATION (16 marks) The following balances were obtained from the accounting records of Cadac Limited on 31 August 2022, the end of the financial year: Ordinary share capital General administration expenses Long-term loan Bad debts 12% Preference shares Equipment (cost) Retained profit Accumulated depreciation on equipment (01 September 2021) R 512 500 150 000 300 000 17 000 220 000 30 000 115 000 6.000 Vehicles (cost) 200 000 Inventory 147 000 Accumulated depreciation on vehicles (01 September 2021) 40 000 Creditors control Debtors control Bank Petty cash Shares invested in ABC Limited Additional information a) b) c) 420 000 400 000 558 500 1000 335 000 Depreciation on equipment and vehicles for the year ended 31 August 2022 amounted to R3 000 and R20 000 respectively. A final dividend of 10 cents per ordinary share was declared but not paid. There were 200 000 ordinary shares in issue. (This dividend was included in the calculation of retained profit.) The total company tax for the financial year amounted to R200 000. The provisional payments to the tax authority amounted to R185 000.