QUESTION 1 The financial data of a construction company relating to the company's assets, liabilities, net worth, costs incurred, revenue earned etc. is shown in the table below. The data is required for preparing financial statements of the construction company. Using the financial data provided in the table below, prepare separate Balance Sheet for each period (31st December, 2016 and 31st December, 2017) to show the assets the company w owns, liabilities the company owes and the equity the company owes to its owners. ( ) Financial Items Accrued Payables Prepaid Insurance Bonds Payable (Debentures) Salaries Payable Marketable Securities Sundry Creditors Lands Tax Payable Account Receivables Building Interest Payable Retention Receivables Stock Accounts Payable Accumulated Depreciation Cash Construction Equipment Retained Earnings Dividend Payable Outstanding Expenses Inventories Notes Payable (due after 12 months) Sundry Debtors Amount (SAR) 31.12.2016 31.12.2017 850,000 450,000 30,000 100,000 300,000 200,000 200,000 200,000 100,000 250,000 360,000 300,000 800,000 800,000 20,000 20,000 500,000 500,000 850,000 850,000 20,000 20,000 300,000 750,000 1,400,000 2,500,000 600,000 600,000 150,000 150,000 700,000 900,000 1,800,000 2,000,000 1,100,000 1,500,000 650,000 550,000 300,000 360,000 900,000 700,000 200,000 300,000 170,000 300,000