QUESTION 1 Use the information given below to prepare the Statement of Financial Position of Anele Traders as at 28 February 2018. The notes to the financial statements are not required. FINANCIAL STATEMENTS OF A SOLE PROPRIETORSHIP (20) INFORMATION Extract from the accounting records of Anele Traders on 28 February 2018 after the Statement of Comprehensive Income was drawn up. Consumable stores on hand Accrued e Prepaid expenses Cash float Bank (CR) Fixed deposit: EFT Bank Capital (01 March 2017) Drawings Loan: EFT Bank Property, plant and equipment Creditors control Debtors control Accrued income Income received in advance Tradin 4 000 12 000 2 000 6 000 30 000 100 000 1000 000 480 000 200 000 1178 000 160 000 40 000 8 000 16 000 140 000 Additional information that must be taken into account: According to the Statement of Comprehensive Income, the net profit for the year ended 28 February 2018 amounted to R540 000. The proprietor took R6 000 trading goods for his personal use after stocktaking was done but this has not been recorded. Payments amounting to R36 000, including interest of R12 000, will be made to EFT Bank towards the loan in the next financial year. Sixty percent (60%) of the fixed deposit matures on 31 May 2018 and the balance matures on 31 May 2019