Make use of the information below and draw up the following: PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY FOR ABC TRADERS 2019 Ordinary share capital (R1 ea) Ordinary share premium Retained Income Loan from Umgeni Bank (15% p.a.) Land and Buildings Equipment Accumulated depreciation on equipment Inventory Trade debtors Allowance Bank Cash float Petty cash Trade creditors SARS (Income tax) Nominal accounts section Sales Sales returns Cost of sales Salaries and wages Directors fees Audit fees Interest on loan Credit losses Rent income Commission income Packing material Insurance Sundry expenses Dividends on ordinary shares (interim) 280 000 30 000 41 000 27 000 360 000 50 000 20 000 82 000 40 000 1 500 16 300 750 250 12 800 7 000 476 000 8 000 208 000 90 000 17 000 4 000 2 000 1 400 9 900 7 700 2 600 400 11 200 5 000 Adjustments to be effected on 28 February 2019 The following was found as per physical count. 1. 1. Trading Stock R80 300 1. 2. Packing Material R700 2. Depreciate equipment at 10% p.a. on the diminishing balance method. 3. Write of further credit losses of R2000. 4. Adjust allowance for credit losses to 5% of trade debtors. 5. Provide for the outstanding interest on loan. 6. Provide rates at 2% on value of land and buildings. REQUIRED: 1.1. STATEMENT OF FINANCIAL POSITION for ABC Traders 28 Feb 2019 1.2 Notes to the statement of financial position, specifically the property, plant and equipmen (15)