Question 6 [26] The following information relates to Scorpius Dealers: Partial pre-adjustment trial balance for the year ending 31 December 2019 145 000 25 000 110 530 5 870 2 610 Balance sheet section Capital Drawings Land and buildings Vehicles Accumulated depreciation: Vehicles Equipment Accumulated depreciation: Equipment Trading inventory (1 January 2019) Trade receivables Bank Trade payables 3 040 440 27 000 40 180 24 480 34 640 Additional information 1. A physical stocktake was performed on 31 December 2019. The value of the stock on this date was R27 750. Depreciation must be provided for as follows: Vehicles at a rate of 20% using the straight-line method. Furniture and fittings at a rate of 10% on the diminishing balance. A debtor, owing R180, was declared insolvent and the debt needs to be written off as irrecoverable. After consideration of the trade receivables (debtors), it is decided to include an allowance for credit losses equal to 1% of outstanding debts. The insurance premium was not paid during December 2019 owing to the public holidays. The premium for December 2019 was R800 and was paid only in January 2020. Scorpius sublets a portion of its offices. Owing to the public holidays, the R5 200 rental income for December 2019 has not yet been received. The profit for the year AFTER the adjustments above amounts to R56 546. Required: Prepare the statement of financial position for Scorpius Dealers as at 31 December 2019