Question 5 (20) The following information relates to Leiurus Enterprises: Partial pre-adjustment trial balance for the year ending 31 March 2021 R R 1 045 000 25 000 1 110 530 405 870 66 610 Balance sheet section Capital Drawings Land and buildings Vehicles Accumulated depreciation: Vehicles Equipment Accumulated depreciation: Equipment Trading inventory (1 April 2020) Debtors control Bank Creditors control 34 040 4440 27 080 44 598 37 485 34 634 Additional information 1. A physical stocktake was performed on 31 March 2021. The value of the stock on this date was R26 750. 2. Depreciation must be provided for as follows: Vehicles at a rate of 10% using the straight-line method Equipment at a rate of 25% on the diminishing balance 3. The insurance premium was not paid during March 2021. The premium for March 2021, R1 834, was paid only in April 2021. 4. Leiurus Enterprises sublets a portion of their offices. Owing to the public holidays, the rent for March 2021 has not yet been received, R5 200. 5. The profit for the year AFTER the adjustments above amounts to R488 968. Required: Prepare the statement of financial position for Leiurus Enterprises as at 31 March 2021