Prepare the Statement of Financial Position of Angel Traders as at 28 February 2022. Note: Where applicable, show workings in the spaces provided. The Statement of Comprehensive Income and notes to the financial statements are NOT required. Angel TRADERS Adjustments and additional information 1. According to physical stocktaking on 28 February 2022 , the following were on hand: 1.1 Trading inventory, R622000 1.2 Consumable stores, R2 000 . 2. Rent has been paid up to 31 March 2022. 3. A debtor who owed R6 000 could not be traced. It was decided to write off his account. 4. The provision for bad debts must be increased to R14 400 . 5. Provide for the outstanding interest on the mortgage loan for the last month of the financial year. The loan balance is expected to be reduced by R60000 in the next financial year by means of monthly repayments. 6. The insurance total includes an annual premium of R12 000 that was paid on 01 June 2022. 7. Bank charges which appeared on the February 2022 bank statement have not been recorded, R800. 8. On 28 February 2022 an amount of R1 000 was received from M. Villiers whose account was written off on 08 January 2022. No entry was made for this receipt. 9. A payment of R6000 for the telephone account was erroneously debited to the drawings account. Correct the error. 10. A debtor whose account was overdue must be charged R200 interest. 11. R400 was paid from petty cash for wages to a part-time employee. No entry was made for this. 12. Provide for depreciation as follows: 12.1 On equipment at 10% on cost. 12.2 On vehicles at 20% per annum on the diminishing balance. 13. The net profit for the year ended 28 February 2022 , after considering the above adjustments and additional information, was R561 600 . Prepare the Statement of Financial Position of Angel Traders as at 28 February 2022. Note: Where applicable, show workings in the spaces provided. The Statement of Comprehensive Income and notes to the financial statements are NOT required. Angel TRADERS Adjustments and additional information 1. According to physical stocktaking on 28 February 2022 , the following were on hand: 1.1 Trading inventory, R622000 1.2 Consumable stores, R2 000 . 2. Rent has been paid up to 31 March 2022. 3. A debtor who owed R6 000 could not be traced. It was decided to write off his account. 4. The provision for bad debts must be increased to R14 400 . 5. Provide for the outstanding interest on the mortgage loan for the last month of the financial year. The loan balance is expected to be reduced by R60000 in the next financial year by means of monthly repayments. 6. The insurance total includes an annual premium of R12 000 that was paid on 01 June 2022. 7. Bank charges which appeared on the February 2022 bank statement have not been recorded, R800. 8. On 28 February 2022 an amount of R1 000 was received from M. Villiers whose account was written off on 08 January 2022. No entry was made for this receipt. 9. A payment of R6000 for the telephone account was erroneously debited to the drawings account. Correct the error. 10. A debtor whose account was overdue must be charged R200 interest. 11. R400 was paid from petty cash for wages to a part-time employee. No entry was made for this. 12. Provide for depreciation as follows: 12.1 On equipment at 10% on cost. 12.2 On vehicles at 20% per annum on the diminishing balance. 13. The net profit for the year ended 28 February 2022 , after considering the above adjustments and additional information, was R561 600