Entity JV is creating its annual statement of financial position as at 31 March 20x6. Entity JV has already calculated its total equity for the period to be R650 000. It has also calculated the carrying value of Plant and Equipment (PE) after depreciation to be R130 000. Additional information from Entity JV’s trial balance is given below. 

● Inventory: R100 000 

● Cash and cash equivalents: R38 000 

● Trade receivables: R310 000 Notes to the trial balance: 

1) The fair value of land at 31 March 20x6 is R270 000. 

2) Investments are carried at market value. The market value of Entity JV’s long- term investments as at 31 March 20x6 is R250 000. 

3) On 30 June 20x5, Entity JV sold equipment for R250 000. The buyer has not yet paid for this equipment and V has made no other entries in respect of this sale. Calculate the value of JV’s non-current assets and liabilities