Question $2.$

The following Trial Balance appeared in the books of Stormers WP on $31$ October $2021$

Required:

Draw up the statement of Profit or Loss for the year ended on $31$ October $2021$

$(26)$

Draw up the statement of Financial position for the year ended on $31$ October $2021$

$(14)$

Show the notes to the statement of Financial position. Show only the following notes:

$(28)$

Property, equipment and vehicles

Inventory

Cash

Statement of changes on equity

Information:

Trial Balance of Stormers WP on $31$ October $2021$

$\backslash$table$[[,],[$Capital$,],[$Drawings$,60500],[$Land and Bulldings,$650000],[$Equipment$,260800],[$Vehicles$,327100],[$Trading Inventory $(1$ Nov $2020),110702],[$Trade receivables control,$40800$