Q.1.6 The following list of balances relates to Ameer's Products as at 31 March 2020, the last day of the financial year of the business: R Capital- 1 April 2019 355 000 2 500 Drawings Land and Buildings Motor Vehicles 466 700 225 000 113 000 Equipment Financial Asset: Fixed deposit (matures on 1 June 2021) 87 000 Bank 23 450 56 800 24 640 Debtors control Trading Inventory Mortgage Loan Creditors Control 205 680 53 980 800 SARS (Taxes Payable) Sales 1 250 450 47 800 Sales Returns Cost of Sales Rent Income 652 340 52 000 4 600 Interest Income Service Income 8 700 66 700 3 500 82 380 Rent Expense Credit Losses Wages and Salaries Cleaning Materials Stationery Internet service expense Electricity 6 300 5 400 2 500 11 250 Rates and services 4 870 Fuel 12 300 10 700 Advertising Bank charges Telephone and fax 480 25 600 (12) Required: Q.1.6.1 Calculate the net profit for the year ended 31 March 2020. Show your workings as marks will be allocated. Q.1.6.2 Calculate the owner's equity for the year ended 31 March 2020. Show your workings as marks will be allocated. Q.1.6.3 Using the information given above, complete the Trading account in the general ledger of Ameer's Products as at 31 March 2020. (6)