QUESTION TWO [26] Joel Mabena is the sole owner of a general dealer business, Joel's Bargains. The following information was provided for the year ended 31 December 2020: Joel's Bargains Trial balance as at 31 December 2020. Debit R Credit R Equipment 172 200 Accumulated depreciation 20 200 Fixed deposit 160 000 Inventory-trade goods 144 000 Stationery on hand at 1 January 2020 2 400 Debtors control 42 600 Allowance for credit losses 2000 Bank 115 200 Long term borrowings - ABC Finance 80 000 Creditors control 25 800 Capital Joel Mabena 318 200 Drawings 86 000 Sales 711 200 Cost of sales 328 000 Returns from debtors 3 200 Interest on fixed deposit Profit on sale of equipment Rental income 16 000 1.000 9 600 Credit losses I 1 600 Insurance 8 400 Salaries and wages 69 600 Stationery 4 600 Sundry expenses Interest on loan - ABC Finance 38 200 7.000 1 184 000 1 184 000