ESTION TWO [25] Joel Mabena is the sole owner of a general dealer business, Joels Bargains. The following information was provided for the year ended 31 December 2020: Joels Bargains Trial balance as at 31 December 2020. Debit R Credit R Equipment Accumulated depreciation Fixed deposit Inventory trade goods Stationery on hand at 1 January 2020 Debtors control Allowance for credit losses Bank Long term borrowings ABC Finance Creditors control Capital Joel Mabena Drawings Sales Cost of sales Returns from debtors Interest on fixed deposit Profit on sale of equipment Rental income Credit losses Insurance Salaries and wages Stationery Sundry expenses Interest on loan ABC Finance 172 200 160 000 144 000 2 400 42 600 115 200 86 000 328 000 3 200 1 600 8 400 69 600 4 600 38 200 7 000 20 200 2 000 80 000 25 800 318 200 711 200 16 000 1 000 9 600 1 184 000 1 184 000 Additional information: 1. On 31 December 2020 stationery of R1 000 and trade goods of R143 400 were on hand. 2. Sifiso took out a fire insurance policy on 1 October 2020 and paid the annual premium of R6 000 for insurance cover until 30 September 2021. 3. Employee salaries of R7 000 were not yet paid nor recorded at 31 December 2020.