in Meg Ryan - HW & Activity - G Hope - HW G Hope started in business on 1 July 2016 with RM40,000 capital in cash. During the first year he kept very few records of his transactions G Hope Assets and liabilities of business as at 30 June 2017 Freehold Premises 76,000 Mortgage on Premises (Long term Loan) 50,000 Stock 24,000 Accounts Receivable (Trade Debtors) 2,800 Cash and Bank 5,400 Accounts Payable (Trade creditors) 7,600 During the year Hope withdrew RM9,000 cash for his personal use but he also put RM6,000 (received from the sale of his private car) into the business bank account Required From the above information, prepare a balance sheet showing the financial position of the business as at 30 June 2017 & indicate the net profit for the year