MN Ltd had 50 units of commodity A on hand on 1 January 2021. The following purchases and sales were made during January: MN Ltd Statement of Financial Position (1 Jan 2021) Non-current assets Land Total Non-current assets Current assets Accounts receivable Inventory Office supplies opening Inventory plus: purchases Less: Ending Inventory cogS The financial year is from 1 Feb 2020 to 31 Jan 2021. The following transactions also happened in the financial year: a. MN Ltd raised a share capital of $1,000,000. b. Paid off the beginning balance of accounts payable. c. Purchased office supplies for $8,400 on credit from OfficeMax. The amount was still outstanding at the end of the financial year. d. Collected cash from a customer on account, $13,700. e. Paid dividends of $130,000. f. All the inventory purchased was paid in cash. In addition, the company sold commodity A at $350 per unit consistently throughout the financial year. At the end of the financial year, $60,000 is still outstanding and will be paid by the customer in the following financial year. g. Recorded the following business expenses for the year: Paid office rent: $6,000. Paid wages: $54,000