Mr. K. Dlamini operates Vincent Farm. On 28 February 2022, the last day of his the financial year, Vincent Farms accounts showed the following closing balances:

Asset Accounts:

Bank Account.Dr 14 853 (Cash in bank)

Savings AccountDr 23 673

Breeding cattleDr 124 900

TractorsDr 76 900

ImplementsDr 36 000

Fertilisers in stockDr 4 000

LandDr 500 000

Buildings, fences, etcDr 120 000

Unsold maize in stock.Dr 12 000

J Mafu (for cow sold to him)Dr 2 600

Liabilities Accounts:

Co-op current accountCr 23 456

Fuel account.Cr 5 765

Agribank loan (5 years)Cr 56 250

Agribank loan (25 years)Cr 257 980

Overdue electricity accountCr 1 045

DO THE FOLLOWING:

(a) Draw up the balance sheet as at 28 February 2022 ...(40)

(b) Differentiate between Current assets, Medium-term assets, and fixed assets. (6)

(c) From the Closing Balance Sheet youve drawn, list all the Current assets, and calculate their total value. (6)

(d) From the Closing Balance Sheet youve drawn, list all the Current liabilities, and calculate their total value. (8)