The draft statement of financial position shown below has been prepared for Alfa as at 31 December (1) Depreciation charges for the year amounting to $3,000 and $5,000 have been included in distribution costs and administrative expenses, respectively. (2) Life insurance for general director is to be accrued $3,000. (3) A final dividend of $0.50 per share was declared on 31 December 2019. (4) Receivables totalling $17,000 are to be written off (5) Allowance for receivables should be created as 2% of net receivables Required: Prepare Alfa's statement of financial position as at 31 December 2019, complying as far as possible with IAS 1 "Presentation of Financial Statements