b) MDP Ltd has the following balances as at 31 March, 2020. Dr Cr Revenue 50 000 Maintenance expenses 3 550 Debtors 5 500 Creditors 4 000 Cash at bank 3 600 Long-term loan 16 800 Building at cost 52 300 Motor vehicle at cost 8 000 Computer at cost 6 300 Office equipment at cost 10 200 Cost of sales 21 150 Business rates 1 300 Electricity 900 Interest on loan 1 600 Telephone 6 400 Capital/Equity 50 000 120 800 120 800

Required i. Prepare income statement and balance sheet for MDP Ltd for 31 March 2020 from the trial balance above after taking into account the following information: Depreciation to be written off: o Buildings R3,000 o Motor vehicle R2,000 o Computer R1,400 o Office equipment R1,800 (19%)