Question 1 The Curl Statement of Financial an Electromal pubity Irted comomy and on 12pt 20 acquired 90ct the equity stars in Hole private limited compas. On the same date E o accepted 10% loa note from as for $7000 which was repurgate at 00:1 each year over the next 3 years. He los retained eamings at the case of acquiston were $2,20010001 STAMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2009 ELEC 14 H:4: $300 ** 5:30 Aut Non-numer Properly pal $ 2.120 coupment mang ble folowa o meestment Equity in 1. 10 Hel Other nas net Current Ast 729 6 6.495 1,990 1,500 560 . 210 4,000 I'l 5:04 Helcore W A 21 Total Assets 7 Equity & Lindes Equi Lanty saws Sch 2,1015 s Premium 2,100 Red Eas 2003 6,500 3.55 Non-area htnes from Elect 100 Government Gran 290 42 200 Civrent Libs Ted:cks ald Congenit Total Equity & chillies Nete 475 472 1/4 32 7133 Included in Halos procente de date of acquisition was a lodhold property entered steen 1000 property was sublot for its remaining life of four years as an annual rental of $50 000 in 1 age at you. the dinos that the car act this lesbol property is best reliemed by the present values iful. A pride of capital for the group is 10% ce anum the sole $1 anity rested the end of the whem best races are 1065 case taken as 3 year any 2.50 4yor an.is 3,5 b The war ch Hellos represems the depreclarion ces or the development cha integrated backg.. It was comped at $700 and were on sen en is idled cost of depens the software on a straight Inc bass over a cghtyea Ife le 300.000 poran.m the directors af tetra se u the spa the livestor life wink F more approplates sales or business software rarely exceed this period. The memory of Ecctra en S. March 20x9 contains good at avance price of $75,000 the plays who road sried them with me at 25% o cost Unclad profits are adjusted for against the profit of the company that mathem March 2009 Hosted to Flect pertet $35.00 The TS not received by Electra una ap 1. t made up of an annual recment of the Centre tot het ot, the current scurt balance. c. Goodwill is resized for impairment amalt 3: Meth 20 das ma Impairment loss of $120.00 in value of gold equation ind Prepare the constatement anal peshon etwas Mach XX