REQUIRED Prepare the Statement of Financial Position as at 28 February 2022. The notes to the financial statements are not required. Show workings in the space provided in the answer book. INFORMATION The trial balance, adjustments and additional information given below were extracted from the accounting records of Metro Limited on 28 February 2022, the end of the financial year. METRO LIMITED PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2022 Debit (R) Credit (R) Balance sheet accounts section Ordinary share capital (100 000 shares) Retained earnings 2 000 000 620 000 Vehicles at cost 1 800 000 Equipment at cost 1 200 000 Accumulated depreciation on vehicles 900 000 Accumulated depreciation on equipment 380 000 Trading inventory 700 000 Debtors control 320 000 Provision for bad debts 40 000 Bank 1 820 000 Cash float 20 000 Creditors control 400 000 South African Revenue Services: Company tax 100 000 Long-term loan: Aries Bank (16% p.a.) Nominal accounts section Sales Cost of sales 800 000 4 850 000 Sales returns 2 400 000 50 000 Salaries and wages Bad debts Consumable stores Rent expense Motor expenses Bad debts recovered Telephone Electricity and water Bank charges Insurance Interest on mortgage loan Commission income 840 000 50 000 20 000 280 000 150 000 20 000 70 000 110 000 30 000 40 000 60 000 10 060 000 50 000 10 060 000