Question I Christian Michael, a sole trader, had the following balances for the year ended July 31, 2017 Account Title Amount 75 000 8 000 30 000 38 000 339 000 5 000 70 000 145 000 250 000 Stocks Accruals Fixtures and fitting Loan (repayable August 2017 Debtors Land and building Cash Creditors Motor vehicles 15 000 41 000 60 000 Required: Prepare a classified Statement of Financial Position listing the Non- Current assets in order of permanence and the current assets in order of liquidity Question 2 Dylan Brown, a sole trader, had the following balances for the year ended August 31, 2017 Account Title Amount 98 000 5 000 70 000 67 000 760 000 20 000 90 000 340 000 450 000 35 000 Inventories Prepayment Bank Capital Loan (Repayable September 2017) Accounts receivables Mortgage (Repayable 2035) Land and building Cash 35 000 340 000 Motor vehicles Required: Prepare a classified balance sheet listing the Non - Current assets in order of permanence and the current assers in order of liquidity