prepare the statement of financial position of ABC traders for the year ended 28 February 2021. your answer should comply with the requirements of international financial reporting standards IFRS. Comparative figures are not required. show all calculations

SECTION A [30 MARKS] Answer ALL the questions in this section. Question 1: Financial Accounting Information (12 Marks) ABC Traders is an entity that sells electronic equipment. The entity is not registered as a VAT vendor. The financial yearend of ABC Traders is 28 February of each year. The following trial balance was extracted from the financial records of ABC Traders: ABC Trader Pre-adjusted trial balance as at 28 February 2021 Additional information The mortgage with an interest rate of 9% p.a. is repayable over a period of 20 years. The capital that will be repaid from 1 March 2021 to 28 February 2022 will amount to R9 000. No interest was due at the end of the 2011 financial year. REQUIRED:Prepare the statement of financial position of ABC Traders for the year ended 28 February 2021. Your answer should comply with the requirements of International Financial Reporting Standards (IFRS) Comparative figures are not required. The notes to the statement of financial position are not required. Note: Show all your calculations SECTION A [30 MARKS] Answer ALL the questions in this section. Question 1: Financial Accounting Information (12 Marks) ABC Traders is an entity that sells electronic equipment. The entity is not registered as a VAT vendor. The financial yearend of ABC Traders is 28 February of each year. The following trial balance was extracted from the financial records of ABC Traders: ABC Trader Pre-adjusted trial balance as at 28 February 2021 Additional information The mortgage with an interest rate of 9% p.a. is repayable over a period of 20 years. The capital that will be repaid from 1 March 2021 to 28 February 2022 will amount to R9 000. No interest was due at the end of the 2011 financial year. REQUIRED:Prepare the statement of financial position of ABC Traders for the year ended 28 February 2021. Your answer should comply with the requirements of International Financial Reporting Standards (IFRS) Comparative figures are not required. The notes to the statement of financial position are not required. Note: Show all your calculations