QUESTION S Th FINANCIAL STATEMENTS e trial balance, adjustm records of Concha Traders on 28 February 2017, the end of the financial year. (20) ents and additional information given below were extracted from the accounting REQUIRED Prepare the Statement of Financial Position of Concha Traders as at 28 February 2017. The notes to the financial statements are not required. Where applicable, show calculations in brackets INFORMATION CONCHA TRADERS PRE ADIUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2017 Credit (R) Balance sheet accounts section Capital Drawin 162 000 Vehicles at cost 180 000 120000 Equipment at cost Accumulated depreciation on vehicles Accumulated depreciation on equipment Trading inventory Debtors control Provision for bad debts Bank Cash float Creditors control 38 000 70 000 32 000 4 000 22 000 2 000 Mortgage-loan:Aries Bank (16% pal Nominal accounts section Sales Cost of sales Sales returns 80 000 485 000 240 000 5 000 84 000 5 000 Salaries and wages Bad debts Consumable stores Rent expense Motor expenses Bad debts recovered Telephone Electricity and water Bank charges Insurance 15 000 2 000 7 000 11 000 3 000 4 000 6 000 Interest on mortgage loan Commission income 5 000 906 000