E'000 10 300 The following trial balance has been extracted from Mary's books: Trial balance as at 31st December 2019 '000 Bank 46 Inventory as at 1/01/2019 300 Trade receivables 200 Allowance for trade receivables Trade payables Rent 50 Wages and salaries 120 Telephone 70 Electricity 80 Purchases 650 Sales Plant and machinery at cost 700 Plant and machinery - accumulated depreciation as at 1/01/2019 Office equipment at cost 300 Office equipment - accumulated depreciation as at 1/01/2019 Debenture interest 4 8% Debentures, redeemable 2024 Equity 2520 1600 170 110 100 230 2520 The following information is also available: 1. Inventory as at 31 December 2019 was 200,000 2. On 21 December 2019 it was discovered that a debtor owing 20,000 had gone into liquidation. 3. It is the policy of Mary's to make an allowance for trade receivables of 5% of trade receivables 4. The depreciation methods used are: i. Plant and machinery -40% reducing balance Office equipment - 20% straight line 5. 20% of the rent paid this year is for the period January March 2020 6. An electricity bill for 20,000 arrived on 12 January, covering the period November- December 2019. 7. Taxation for the year is estimated to be 60,000 D) Prepare a statement of Tinancial position as at that date E'000 10 300 The following trial balance has been extracted from Mary's books: Trial balance as at 31st December 2019 '000 Bank 46 Inventory as at 1/01/2019 300 Trade receivables 200 Allowance for trade receivables Trade payables Rent 50 Wages and salaries 120 Telephone 70 Electricity 80 Purchases 650 Sales Plant and machinery at cost 700 Plant and machinery - accumulated depreciation as at 1/01/2019 Office equipment at cost 300 Office equipment - accumulated depreciation as at 1/01/2019 Debenture interest 4 8% Debentures, redeemable 2024 Equity 2520 1600 170 110 100 230 2520 The following information is also available: 1. Inventory as at 31 December 2019 was 200,000 2. On 21 December 2019 it was discovered that a debtor owing 20,000 had gone into liquidation. 3. It is the policy of Mary's to make an allowance for trade receivables of 5% of trade receivables 4. The depreciation methods used are: i. Plant and machinery -40% reducing balance Office equipment - 20% straight line 5. 20% of the rent paid this year is for the period January March 2020 6. An electricity bill for 20,000 arrived on 12 January, covering the period November- December 2019. 7. Taxation for the year is estimated to be 60,000 D) Prepare a statement of Tinancial position as at that date