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Question 2 (8 Marks) Prepare the Statement of Financial Position for the years 2018 and 2019: Particulars 2018 2019 Sundry Creditors 17,900 14,920 Taxation 27,270

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Question 2 (8 Marks) Prepare the Statement of Financial Position for the years 2018 and 2019: Particulars 2018 2019 Sundry Creditors 17,900 14,920 Taxation 27,270 23,050 Proposed Dividend 10,500 7,500 Revaluation Reserves 10,000 7,000 Share Premium 11,000 7,000 12% Long Term Loan 5,250 10,500 Furniture, Equipment and Buidling 100,000 81,040 Ordinary Share Capital 70,000 50,000 Sundry Debtors 12,750 15,870 Short Term Loan given 12,750 15,870 Bank 22,760 9,950 Retained Earnings 25,700 17,240 Inventory 29,300 14,480

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