Q.2.1 The following balances appeared in the books of Argon Traders on 28 February 2022: (3) The independent Institute of Education (Pty) Ltd 2023 Page 3 of Q.2.1 For each of the items listed above categorise them into the 5 accounting elements (assets, equity, liabilities, expense and income). Prepare the following table in your answer booklet to complete your answer: Note: each account can fit under one element only. If an account is put under more than one element no marks will be awarded. Q.2.2 Using the balances above calculate the following: - Total value of non-current assets - Total value of current assets - Total value of non-current liabilities - Total value of current liabilities - Owner's equity (use the formula: OE=AL ) Q.2.3 Argon Traders sells goods mostly for cash. They do however sell goods on credit to one customer-Ametis Traders. Argon Traders only buys goods on credit from Granaat Traders. Required: Q.2.3.1 From the information provided above identify from Argon Traders (1) perspective who the debtor is and who the creditor is. Q.2.3.2 In your own words explain what the difference is between a debt (2)