QUESTION TWO Question Vero Armah Trading Enterprise maintained a single entry system. The following information was extracted from the records: Year Ended 31/12/2019 Year Ended 31/12/2018 GHC GH Accrued expenses 10,000 196,000 130,0 16,000 (40,000) 200 500,000 366,000 106, Accrued receivables 00 Prepaid expenses Bank balance ,000 Investment Cash balance 000 Accounts payable 00 Land buildings ,000 Delivery van Inventories 74,000 90,0 1,500,000 and 1,500 260,000 260,000 190,000 Loan bank 74,000 from 300,000 300,000 The following additional information was also made available in respect of 2019 accounting year: Provision for doubtful debt should be made for GH3,000. ii. Depreciation is to be provided on book value as follows: a) Land and buildings 5% Delivery van 10% ii. Additional capital of GH250,000 was introduced into the business during the year. in. The owner of the store withdrew a total sum of GH20,000 during the year. Required: Prepare the Statements of Affairs of Vero Armah Trading Enterprise for the two years to show: (a) The opening capital 16 Marks Net worth of the business 16 Marks (e) Profit 13 Marks [Total 15 Marks