Converse Limited is a manufacturing company with a 31 December year-end. The company owns a variety of assets, and they use the following accounting policies to account for their assets: Land and buildings are accounted for using the revaluation model, with revalua- tions being done every third year on 1 January. The next revaluation date is 1 January 2022. The accumulated depreciation is eliminated on revaluation and the revaluation surplus is realised on the sale of the asset. Investment property is accounted for using the fair value model. Depreciation is accounted for on the straight-line method for all classes of assets. Office property Converse Limited purchased a property on 1 July 2019. The building situated on the property consists of three floors, equal in size, and all three floors have been occupied by Converse Limited to use as the company's head office space. Due to downsizing, Converse Limited now only requires two of the three floors as head office space, and the directors, therefore, decided to rent out the top floor of the building. The top floor was rented out to a third party from 1 January 2022. The building is estimated to have a useful life of 30 years and a residual value of R600 000. These estimates have been checked and remained unchanged at each reporting date and the following values are applicable to the property: Land portion Building portion Purchase price 1 July 2019 R250 000 R4 500 000 Market value 1 January 2022 R300 000 R5 700 000 Market value 31 December 2022 R310 000 R6 000 000 Assume a Corporate Income Tax Rate of 28% and that SARS allows for a building allowance of 5% on the office building. The building allowance is not apportioned for part of the year. REQUIRED: Prepare the Statement of Financial Position of Converse Limited as at 31 December 2022, showing all the balances, including deferred tax, relating to the property. Com parative figures are also required Notes to the financial statements are not required