Q2.Balance Sheet Question [Marks 10] Taha is a new student in Business Administration with prior no accounting background. He is given a task to make a statement showing the financial position of Zee Health systems on 30" March 2022 using information provided in the table. The information is dispersed in the table. You are required to make a neat and clean statement specifying each element given. Vehicles Rs.120,000 Accounts Payable Rs.172,000 Prepaid Insurance Rs.4200 VAT Payables 5000 Loans (16 months) 55,000 Cash equivalents 300,000 Notes Payable 4500 Stock Inventories 201,500 Beds for patients 112,500 32000 Revenues 135,000 Land 440,000 Building 300,000 Cost of Goods Sold 42,000 Advertising Expense 32,000 Salaries Payable 72,500 Retained Earnings 317,225 Loans(8 years) 78,312 X-ray machines 78,312 Prepaid Insurance 4,200 Cash 84,150 Accounts Receivables 15,000 Instructions: Hospital issued 25,000 common shares at Rs.8 per share. The hospital issued 10,000 preferred shares at Rs.5 per share. The building of the hospital has a useful life of 8 years. After 8 years, the salvage value of the building would be approximately Rs.75000. Beds have a useful life of four years with no salvage value at the end of useful life.