QUESTION ant of Financial Position as REQUIRED Use the following financiado De 31 December 2021 INFORMATION Statement of Financial Position as at 31 December 2012 Styloor Ltd has provided the following financiado de prepare the Pro Forma Sales for 2020 amounted to R3 800 000 and Sales Or 22 are estimated to increase to R4 000 000 Plant and equipment costing R300 000 will be purchased during 2021. Total depreciation for 2021 is expected to amount to R225 000 The following must be projected using the percentage of sales: inventory . Accounts receivable Accounts payable The business will maintain a cash balance of R120 000 and any surplus cash will be invested in long term financial investments. 50 000 shares at R5 each are expected to be issued in June 2021. The business predicts an 8% net profit margin. A final dividend of 20 cents per share is expected to be proposed in December 202 payable in January 2022 The long term loan will be reduced by capital payments amounting to R50 000 STYLCOR LTD STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 R ASSETS Non-current assets 2100 000 2 100 000 Fixed/Tangible assets 1596 000 Current assets 532 000 Inventories 760 000 Accounts receivable 304 000 Cash and cash equivalents 3696 000 Total assets EQUITY AND LIABILITIES 2 336 000 1 500 000 Equity Ordinary share capital (500 000 shares) Retained earnings 836 000 410 000 Non-current liabilities 410 000 Long-term loan 950 000 Current liabilities 950 000 Accounts payable 3 696 000 Total equity and liabilities