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Pixma Limited began operations in January 2 0 1 9 with R 9 0 0 0 0 0 obtained from selling 4 5 0 0

Pixma Limited began operations in January 2019 with R900000 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 R750000 as well as land and buildings for R450000, financing the purchase with a mortgage bond of R287500, a long-term loan of R595000, and cash for the balance. During the year the company used cash to reduce the mortgage bond balance by R25000 and to repay R75000 towards the long-term loan. The company also invested R195000 in short-term marketable securities. On 01 October 2019, the company issued a further 200000 shares at R3 each. Depreciation expense for the year was R200000. The Profit after tax for the year ended 31 December 2019 was R250000. Dividends for the year (declared and paid) amounted to R220000.
REQUIRED
4.1 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:
4.1.1. Non-current assets
(5 marks)
4.1.2. Retained earnings
(4 marks)
4.1.3. Total Equity
(5 marks)
4.1.4. Non-current liabilities
4.2 Explain why it is important for Pixma Limited to consistently take advantage of cash discounts offered by creditors for early settlement of accounts.
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