Modupe owns a retail shop. The following are the list of balances extracted from his books of accounts on 31 December 2019.

Required: Prepare a Balance Sheet / Statement of Financial Position for Modupe as at 31 December 2019.

Description Amount Pula Drawings 5,500.00 Net Profit 21,100.00 Capital 72,000.00 Long term loan 10,000.00 Creditors 2,500.00 Cash in hand 500.00 Cash in Bank 8,000.00 Debtors 3,000.00 12,000.00 Inventory Land Buildings 40,200.00 Vehicles 28,400.00 Equipment 8,000.00