4 Answer ALL questions in this paper QUESTION 1 REQUIRED Use the information provided below to prepare the Statement of Financial Position of Lynwood Limited as at 31 August 2023. The notes to the financial statements are not required. Show all workings. INFORMATION The following balances were obtained from the accounting records of Lynwood Limited after some of the adjustments and closing transfers were completed on 31 August 2023, the end of the financial year Inventory Accounts receivable Loan: Lindor Bank (19.5%) Equipment (Cost) Accumulated depreciation on equipment Cash float Accounts payable Provision for bad debts Accrued income Ordinary share capital Retained income Company tax payable Bank (DR) Accrued expenses Dividends payable The following adjustments must be made: 1 1 The account of a debtor who owed R2 000 must be written off. The provision for bad debts must be adjusted to 5% of debtors The rent income account reflected a total of R99 000 which was for rent for the period 01 September 2022 to 31 July 2023. Make the necessary adjustment. Interest on loan was owed for the last four months of the financial year. Interest is not capitalised. The equipment was acquired on 01 March 2023 Depreciation must be provided at 20% per annum using the reducing balance method. QUESTION 2 REQUIRED Use the information provided below to calculate the following (expressed to two decimal places) R 315 000 92 000 200 000 1 980 000 ? 13 500 211 000 ? ? 1 161 000 540 000 18 000 99 000 ? 161 000 (20 Marks) (4 marks