QUESTION 3 REQUIRED Prepare the Statement of Financial Position as at 28 February 2022 . are not required. Show workings in the space provided in the answer boo INFORMATION The trial balance, adjustments and additional information given below records of Metro Limited on 28 February 2022 , the end of the financial yea METRO LIMITED PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2022 Adjustments and additional information 1. According to physical stocktaking done on 28 February 2022, trading inventory on hand amounted to 2. Consumable stores unused according to stocktaking amounted to R2000 on 28 February 2022 . 3. No entry has been made for a commission of 10% earned but not received on 500 items that were sold for R600 each. 4. Received a cheque for R6 000 from an insolvent debtor, J. Marsh, who was only able to pay 30% of her debt. The balance of her account must now be written off. No entries were made for these transactions. 5. The provision for bad debts must be decreased to R15 000 . 6. The telephone account for February 2022 was due to be paid on 03 March 7. The rental agreements signed with the lessor (landlord) are as follows: R300000 for the period 01 January 2021 to 31 December 2021 , and R360 000 for the period 01 January Make the necessary adjustment. 8. The loan from Aries Bank was obtained on 01 September 2021. Provide for the outstanding interest. (Interest is not capitalised.) in the next financial year. 9. The insurance total includes an annual premium of R18 000 that was paid for the period 01 June 2021 to 31 May 2022. 10. The bank statement for February 2022 reflected bank charges of R1800 that have not been recorded. 11. The electricity and water statement for February 2022 included an amount of R10000 for a deposit required by the municipality. This was recorded in the water and electricity account. 12. Provide for depreciation as follows: 12.1 On equipment at 15% per annum using the fixed instalment method. 13.2. An account received from Heidi Motors to replace the tyres on the delivery vehicle of the business, R20 000, has not been recorded. 14. The profit after tax for the year ended 28 February 2022 , after taking the above into account, was R272790. 15. The company tax for the financial year amounted to R116910. 16. The directors proposed a final dividend of 36 cents per share