3 Gene Gene's business has the following balances at 30 November: Trade payables 16,261 Non-current assets 91,998 Long-term bank loan 20,000 Owed to HMRC 4.552 Amounts owed by customers 22,420 Inventory 13,260 Cash in hand 227 12,220 74,872 Bank overdraft Capital Gene's business has an overdraft limit of 14,000. Half of the amount payable to HMRC has been owed for almost two months. Required: a) Prepare a statement of financial position for Gene's business at 30 November. b) Comment on the cash position of the business