Question 2 "Information: AJ Limited Statement of Comprehensive Income for the year ended 30 June 2022" Sales 10,000,000 Directors remuneration (1,400,000) Bad debts (100,000) Audit fees (130,000) Depreciation (200,000) Operating profit 1,700,000 Interest expense (170,000) Net profit before tax 1,530,000 Income tax (610,000) Net income after tax 920,000 "AJ Limited Statement of Financial Position as at 30 June 2022" 2022 2021 Assets Non-current assets 7,150,000 5,120,000 Fixed assets (Note 1) 7,000,000 5,000,000 Shares in AM (Pty) Ltd 150,000 120,000 Current assets 2,140,000 2,380,000 Inventories 1,300,000 1,100,000 Trade and other receivables 790,000 1,200,000 Cash and cash equivalents 50,000 80,000 Total Assets 9,290,000 7,500,000 Shareholders' Equity and Liabilities Ordinary shareholders' equity 6,670,000 5,150,000 Ordinary share capital (issued @ R5.00) 5,000,000 4,000,000 Share premium 800,000 600,000 Retained income 870,000 550,000 Non-current liabilities 1,440,000 1,160,000 Loan from AF Limited 1,440,000 1,160,000 Current liabilities 1,180,000 1,190,000 Creditors 1,180,000 1,190,000 Total Equity and Liabilities 9,290,000 7,500,000 Notes to the Financial Statements 1. Fixed Assets Land & buildings Vehicles Equipment Total "Carrying value at beginning of year " 2,700,000 0 Z 5,000,000 Cost 2,700,000 0 Z Z Accumulated depreciation 0 0 800,000 Z Movements: Additions at cost 0 Z 350,000 0 Depreciation for the year 0 0 (200,000) (200,000) Disposals at carrying value 0 0 0 Z Carrying value at end of year 2,100,000 Z Z 7,000,000 Cost 2,100,000 Z Z Z Accumulated depreciation 0 0 Z Z A portion of the land and buildings were sold at book value. The vehicles were purchased on the last day of the accounting period and all the depreciation relates to equipment. "2. Cash and Cash Equivalents " 2022 2021 Bank 48,000 80,000 Cash float 2,000 0 50,000 80,000 3. Retained Income 2022 2021 Retained income at beginning of year 550,000 600,000 Net profit after tax 920,000 450,000 Dividends paid and declared (600,000) (500,000) Retained income at end of year 870,000 550,000 4. Trade and Other Payables Trade creditors 688,000 738,000 Expenses payable (Interest on loan*) 30,000 50,000 SARS (Income tax) 62,000 94,000 Shareholders for dividends 400,000 308,000 1,180,000 1,190,000 * Interest on loan is not capitalised

2.1 Fill in the missing figures in the note to the Statement of financial position for Fixed assets. Complete the table