Task 2 Statement of Financial Position for Bebop Services Ltd as at 31.03.2021 and 31.03.2020. 2021 2020 () () () () Non-current Assets Premises 850,000 750,000 Vehicles 70,000 50,000 Fixtures and fittings 52,000 40,000 Computer Equipment 38,000 1,010,000 35,000 875,000 Current Assets Closing inventory 30,000 25,000 Account receivables 45,000 35,000 Cash at Bank 55,000 130,000 45,000 105,000 Current Liabilities Accruals 9,500 13,100 Bank Overdraft 0 0 Account payables 27,500 37,000 37,000 50,100 Net-current assets: 93,000 54,900 Non-current liabilities Long Term Loan 300,000 250,000 Net Assets 836,300 679,900 Financed by: 339,650 Ordinary share capital 431,700 General reserves 55,000 40,000 Retained profit for the year 316,300 300,250 929,900 Capital Employed: 1,103,000 803,000 679,900 Complete the Statement of Financial Position for Bebop Services Ltd as at 31.06.2021 and 31.06.2020. Learning Outcomes Assessed: KU2 Analyse accounting data from Income Statements and Balance Sheets (Statement of Financial Position) and cash Flow Forecasts and explain how the information is applied when making business decisions. KES7 Demonstrate and display confidence in the use of numbers and ratios when calculating the financial position of a business