QUESTION $5$REQUIREDUse the information provided below to prepare the Statement of Financial Position as at $28$ February$2025.$Note: Separate entries must be shown under Trade and other receivables, Cash and cash equivalentsand Trade and other payables.INFORMATIONThe trial balance, adjustments and additional information given below were obtained from the accountingrecords of Imoress Traders on $28$ February $2025.$ the end of the financial vear.IMPRESS TRADERSPRE$-$ADJUSTMENT TRIAL BALANCE AS AT $28$ FEBRUARY $2025$Balance sheet accounts sectionCapitalDrawingsVehicles at costEquipment at costAccumulated depreciation on vehiclesAccumulated depreciation on equipmentFixed deposit Wan Bank $(10\%$ p$.$a$.)$Trading inventoryDebtors controlProvision for bad debtsBankPetty cashCreditors controlLoan: Wan Bank $(15\%$ pa$.)$Nominal accounts sectionSalesCost of salesSales returnsSalaries and wagesBad debts recoveredCommission incomeRent expenseMotor expensesAdvertisingTelephoneElectricity and waterBank chargesInsuranceInterest on loanInterest on fixed depositStationeryAdjustments and additional information$1\mathrm{.}3\mathrm{.}15\mathrm{.}6\mathrm{.}7\mathrm{.}8\mathrm{.}1011.$The provision for bad debts must be decreased to R$3500.$Commission income owed to Impress Traders amounted to R$900.$Debit $($R$)1405005550004090008700012.$ Provide for depreciation as follows$6100012\mathrm{.}1$ On vehides at $25\%$ per annum on the diminishing balance$\mathrm{.}56000122$ On equipment, R$81800\mathrm{.}36000200049300022000254000900005800037000170002500050004000(20$ MARKS$)16000130002380500$Stocktaking revealed that trading inventory on hand on $28$ February $2025$ was R$59000.$Stationery unused according to stocktaking on $28$ February $2025$ amounted to R$1000.$Credit $($R$)280300|235000|163000400081000140000|1393000|$A debtor who owed R$2000$ was declared insolvent. An amount of R$800$ was received andrecorded. The balance of the account must now be written off$\mathrm{.}120079000|4000|2380500|$The investment in fixed deposit was made on $01$ March $2024$ and it matures on $28$ February $2027.$Provide for the outstanding interest. Interest is not capitalised.The loan was obtained on $01$ March $2024.$ An amount of R$5000$ is owed for interest on loan.Interest is not capitalised. Repayments totaling R$24000$ will be made in the next financial yearto reduce the loan ballance.Rent has been paid up to $31$ May $2025.$ There was no change in the monthly rental amountThe telephone account for February $2025$ was due to be paid on $03$ March $2025,$ R$1500.$An advertisement for the sale of the personal vehicle of the proprietor was included in theadvertising account, R$1000.$The bank statement, which was received after the trial balance was drawn up$,$ reflected bankcharges of R$500\mathrm{.}13.$ The net profit for the year ended $28$ February $2025,$ after all the above were considered, amountedto R$297300.$