Question 5 (35 marks) The following balance sheet relates to the affairs of Columbus who runs a second-hand car business. The balance sheet of his business at 31 December 20X1 is as follows: Balance sheet as at 31 December 2021 f Fixed assets Current assets Stock of cars 2.700 Trade debtors 1,000 Bank 1.000 4,700 Less: Current liabilities Trade creditors Working capital Financed by: Capital 2,000 200 4,500 6.500 6,500 6,500 Transactions undertaken in January 20X2 1 Columbus collects the 1.000 owing in respect of the second-hand car sold in December 20X1 2 Columbus wins 500 on the football pools and pays the proceeds into his business bank 22C Trs ensoleill