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The below information relates to questions 1.21 to 1.30 The following is an extract of the statement of financial position of Pritt Enterprises as at 31 December 2016: R R ASSETS NON-CURRENT ASSETS 1.23 CURRENT ASSETS 405 000 Inventory 160 000 Bank 70 000 Accounts receivable 1.21 Petty cash 25 000 TOTAL ASSETS 605 000 EQUITY AND LIABILITIES CAPITAL AND RESERVES 1.24 Capital 1.22 + Profit 320 000 - Drawings (80 000) CURRENT LIABILITIES 90 000 Accounts payables 90 000 TOTAL EQUITY AND LIABILITIES 605 000 The end