Modupe owns a retail shop. The following are the list of balances extracted from his

books of accounts on $31$ December $2019.$

Description Amount

Pula

Drawings $\mathrm{ \; \; \; \; \; \; \; \; \; \; \; \; \; 5},500\mathrm{.}00$

Net Profit $\mathrm{ \; \; \; \; \; \; \; \; \; \; \; \; \; 2}1,100\mathrm{.}00$

Capital $\mathrm{ \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; 7}2,000\mathrm{.}00$

Long term loan $\mathrm{ \; \; \; \; \; \; \; 1}0,000\mathrm{.}00$

Creditors                        $2,500\mathrm{.}00$

Cash in hand  $\mathrm{ \; \; \; \; \; \; \; \; \; 5}00\mathrm{.}00$

Cash in Bank $\mathrm{ \; \; \; \; \; \; \; \; \; 8},000\mathrm{.}00$

Debtors $\mathrm{ \; \; \; \; \; \; \; \; \; \; \; \; \; \; 3},000\mathrm{.}00$

Inventory $\mathrm{ \; \; \; \; \; \; \; \; \; \; \; \; 1}2,000\mathrm{.}00$

Land Buildings             $40,200\mathrm{.}00$

Vehicles                        $28,400\mathrm{.}00$

Equipment $\mathrm{ \; \; \; \; \; \; \; \; \; \; 8},000\mathrm{.}00$

Required:

Prepare a Statement of Financial Position for Modupe as at $31$ December $2019.$