QUESTION 3 1. The Distance Runner LTD had the following data at the end of 2021 Statement of financial position as at December 31: 2020 2021 $ $ $ $ Non-Current Assets Cost Depn NBV Cost Depn NBV Goodwill Building 250,000 110,000 250,000 35,000 275,000 275,000 Equipment 210,000 15,000 195,000. 290,000 35,000 255,000 555,000 565,000 Current Assets Stock 32,000 25,000 Short term investment 15,000 25,000 Debtors 12,000 16,000 Bank Cash 10,000 12,000 81,000 636,000 6,000 72,000 637,000 Capital & Reserves Share capital ($1 ord shares) 220,000 Share premium 15,000 General reserves 37,000 Retained earnings 121,000 393,000 Non-Current Liabilities 10% Debenture 202,000 I Current Liabilities Creditors 17,000 Bank overdraft 0 Tax Payable Dividends 14,000 10,000 41,000 636.000 210,000 15,000 47,000 257.000 529,000 37,000 22,000 5,000 19,000 25,000 71,000 637.000