QUESTION 5 Prepare the Statement of Financial Position as at 31 December 2020. The notes to the financial statements are not required. Show workings in the spaces provided. (20 Marks) INFORMATION The information given below was extracted from the accounting records of Merewent Ltd on 31 December 2020 (the end of the financial year). MEREWENT LTD PRE-ADJUSTMENT TRIAL BALANCE AS AT 31 DECEMBER 2020 Balance Sheet Accounts Section Debit (R) Credit (R) Ordinary share capital Retained earnings 320 000 40 000 Land and buildings 540 000 Vehicles (cost) 130 000 Equipment (cost) 100 000