(Marks: 50) Question 1 The following balances appeared in the books of Santiago Traders on 1 March 2020: Land and Buildings 900 000 Vehicles 250 000 Machinery 200 000 ? Accumulated Depreciation on Vehicles Accumulated Depreciation on Machinery ? . Additional information: A new building was purchased for cash on the 1st September 2020 for R1 000 000. The vehicles balance at 1 March 2020 consists of two vehicles. Vehicle A with a cost price of R120 000 was sold on the 31st October 2020 on credit to Miss Smith for R60 000. The vehicle was purchased on the 31 May 2018. Vehicle B was purchased on the 1 March 2019. Purchased a new delivery vehicle (Vehicle C) for R345 000 on credit from N&N Motors on 1 December 2020 All machinery was purchased on the 30 April 2017 The depreciation policy on non-current assets are as follows: Vehicles: 20% on cost using the straight-line method and no residual value Machinery: 10% per annum using the diminishing balance method and no residual value IGNORE VAT Santiago Traders has a 28 February year end Q.1.2 (4) If Santiago Traders wants to sell Vehicle Con 31 May 2021 and make a profit on sale of the vehicle, how much should Santiago Traders sell the vehicle for? Provide calculations to support your