Additional information: The following information has been presented to you for the financial years ended 31 August 2020 and 31 August 2021 for Lion Supplies. . Lion supplies managed to improve their cash and cash equivalents by R100 000 from 2020 to 2021 Selected financial ratios calculated from the statements provided above are: 2021 2020 ASSETS NON-CURRENT ASSETS 2021 2020 Property, plant and equipment ? ? Current Ratio 0,80:1 3,5:1 2,25:1 Solvency Ratio 1,50:1 630 000 ? ? 80 000 REQUIRED: CURRENT ASSETS Inventory Trade receivables Cash and cash equivalents 220 000 125 000 ? 0 Re-draft the Statement of Financial Position of Lion Supplies for 31 August 2020 and 31 August 2021 by completing the missing information. Show and label all workings as marks will be awarded to these. TOTAL ASSETS 1 192 500 ? ? EQUITY AND LIABILITIES (TOTAL MARKS: 100) OWNERS EQUITY ? ? ? Capital ? 400 000 125 000 75 000 Net profit Drawings (80 000) ( ? NON-CURRENT LIABILITIES Mortgage loan: Fifth National Bank 350 000 510 000 CURRENT LIABILITIES ? ? ? ? Trade payables Bank overdraft 0 35 000 TOTAL EQUITY AND LIABILITIES ? ? Additional information: The following information has been presented to you for the financial years ended 31 August 2020 and 31 August 2021 for Lion Supplies. . Lion supplies managed to improve their cash and cash equivalents by R100 000 from 2020 to 2021 Selected financial ratios calculated from the statements provided above are: 2021 2020 ASSETS NON-CURRENT ASSETS 2021 2020 Property, plant and equipment ? ? Current Ratio 0,80:1 3,5:1 2,25:1 Solvency Ratio 1,50:1 630 000 ? ? 80 000 REQUIRED: CURRENT ASSETS Inventory Trade receivables Cash and cash equivalents 220 000 125 000 ? 0 Re-draft the Statement of Financial Position of Lion Supplies for 31 August 2020 and 31 August 2021 by completing the missing information. Show and label all workings as marks will be awarded to these. TOTAL ASSETS 1 192 500 ? ? EQUITY AND LIABILITIES (TOTAL MARKS: 100) OWNERS EQUITY ? ? ? Capital ? 400 000 125 000 75 000 Net profit Drawings (80 000) ( ? NON-CURRENT LIABILITIES Mortgage loan: Fifth National Bank 350 000 510 000 CURRENT LIABILITIES ? ? ? ? Trade payables Bank overdraft 0 35 000 TOTAL EQUITY AND LIABILITIES