Pixma Limited began operations in January $2019$ with R$900000$ obtained from selling $450000$ ordinary shares at an issue price of $R2$ each. Some of the major transactions for the year included the following:

It purchased plant and equipment for R$750000$ as well as land and buildings for $R450000,$ financing the purchase with a mortgage bond of R$287500,$ a long$-$term loan of R$595000,$ and cash for the balance. During the year the company used cash to reduce the mortgage bond balance by R$25000$ and to repay R$75000$ towards the long$-$term loan. The company also invested R$195000$ in short$-$term marketable securities$.$ On $01$ October $2019,$ the company issued a further $200000$ shares at R$3$ each. Depreciation expense for the year was R$200000.$ The Profit after tax for the year ended $31$ December $2019$ was R$250000.$ Dividends for the year $($declared and paid$)$ amounted to R$220000.$

REQUIRED

$4\mathrm{.}1$ From the information provided above, calculate the amount that should be reflected for each of the following items in the Statement of Financial Position of Pixma Limited at the financial year end $31$ December $2019$:

$4\mathrm{.}1\mathrm{.}1.$ Non$-$current assets

$(5$ marks$)$

$4\mathrm{.}1\mathrm{.}2.$ Retained earnings

$(4$ marks$)$

$4\mathrm{.}1\mathrm{.}3.$ Total Equity

$(5$ marks$)$

$4\mathrm{.}1\mathrm{.}4.$ Non$-$current liabilities

$4\mathrm{.}2$ Explain why it is important for Pixma Limited to consistently take advantage of cash discounts offered by creditors for early settlement of accounts.