QUESTION 3 (20 MARKS) REQUIRED Use the information provided below to prepare the Statement of Financial Position of Umran Limited as at 30 June 2022. The notes to the financial statements are not required. INFORMATION The following balances were obtained from the accounting records of Umran Limited after all the adjustments and closing transfers were completed on 30 June 2022, the end of the financial year. R Inventory 420 000 Debtors control 120 000 Loan: Lendor Bank 300 000 Equipment 2 640 000 Accumulated depreciation on equipment 240 000 Cash float 18 000 Creditors control 272 000 Provision for bad debts ? Accrued income 12 000 Ordinary share capital (200 000 shares) 1 548 000 Retained earnings 720 000 South African Revenue Services: Company tax payable ? Bank (DR) 132 000 Accrued expenses 84 000 Shareholders for dividends/Dividends payable ? Additional information 1. The tax calculated on the pre-tax profit for the year amounted to R180 000. Provisional company tax payments for the year ended 30 June 2022 totalled R156 000. 2. Dividends for the year: 2.1 Interim dividend paid on 31 December 2021: 40 cents per share. 2.2 Final dividend declared on 30 June 2022: 74 cents per share. 3. The provision for bad debts balance on 30 June 2021 was R5 000. The provision for bad debts is calculated at 5% of book debts. 4. Payments totalling R76 000 to Lendor Bank, including R36 000 for interest, will be made during the next financial year.