Question REQUIRED Use things below to prepare the Statement of Financial Poto of Siad Traders 23 February 2021 The reste de franchisatorests are not regured Use the big masagade STATEMENT OF FINANCIAL POSITION AS AT 29 FERARY 2020 ASSETS Non-current Current Trade and others Chandesh Total EQUITY AND LADIES Equity Non current abilities Total equity and liabili INFORMATION Extract from the conting records of dressebrusy 2008 he went Como che come un drup R Cart 01 Lom Mark Doneco 36000 2 DOO 400 perver Trading Herve per Prepaid ex T2 1200 3600 BC Fort Man Action that must be Extract from the accounting records of Sinbad Traders as at 29 February 2020 after the Statement of Comprehensive Income was drawn up: R Capital (01 March 2019) 600 000 Drawings 288 000 Loan: JVC Bank 120 000 Property, plant and equipment (carrying value) 705 800 Creditors control 96000 Debtors control 24 000 Accrued income 4900 Income received in advance 9 800 Trading inventory 84 000 Consumable stores on hand 2400 Accrued expenses 7200 1 200 Prepaid expenses 3 500 Cash float 18 000 Bank (CR) 60 000 Fixed deposit: JVC Bank Additional information that must be taken into account: . According to the Statement of Comprehensive Income the net profit for the year anded 29 February 2020 amounted to R224 000 The proprietor took R3 600 trading goods for his personal use after stocktaking was done but this has not been recorded Loon repayments amounting to R30 000 will be made to JVC Bank in the next inancial year . Fifty percent (50%) of the fixed deposit matures on 31 August 2020 and the balance shums on 21 August 2021 REQUIRED Use the formation given below to prepare the Statement of Financial Position of Sinbad Traders as 29 February 2020. The notes in the financial statements are not required Use the following format as a guide STATEMENT OF FINANCIAL POSITION AS AT 29 FEBRUARY 2020 ASSETS Non-current assets R Current annet Inventories Trade and other receivables Cash and chequivalents Total assets EQUITY AND LIABILITIES Equity Non-current liabilities Current abilities Trade and other payat Total equity and liabilities DB