Question: The following information is given for ABC Ltd , which specialises in environmentally friendly technology products, including solar panels and energy - efficient appliances. As

The following information is given for ABC Ltd, which specialises in environmentally friendly technology products, including solar panels and energy-efficient appliances. As at 31 March 2024, the company has prepared its financial records to assess its financial position. Below is an extract of the Trial Balance. Trial Balance of ABC Ltd as at 31 March 2024 Amount Retained earnings 450000 Land and buildings (at cost)1415000 Accounts payable 225000 Cash 95000 Accumulated depreciation (land and buildings)310000 Share capital 500000 Reserves 100000 Long-term loan 320000 Investment 210000 Inventory 180000 Accounts receivable 265000 Marketing costs 89000 Short-term loan 125000 Additional information: Depreciation for the current year was not included in the information above. The depreciation for March 2023 is R75000.Profit for the current year is R160000. Prepare the Statement of Financial Position for ABC Ltd as at 31 March 2024.

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