Scenario Beale limited runs a market stall in East London. The accounts the following as at 31 December 2012 E assets liabilities E equity 10,000 3,500 Share capital Retained earnings brought forward Trade receivables (to be received in January 2013) Trade receivables (to be received in February 2013) 3,000 4,000 Trade payables (to be paid in January 2013) Taxation payable (to be paid in March 2013) Market stall fotures and fittings at cost Market stall depreciation to date Cash in bank Inventories as at 31t December 2012 Long term bank loan 8,000 500 15,000 6,000 13,500 2,500 10,000 24,50013,500 38,000 IThe market stall is depreciated on a 20% straight-line basis and there is no scrap value Scenario Beale limited runs a market stall in East London. The accounts the following as at 31 December 2012 E assets liabilities E equity 10,000 3,500 Share capital Retained earnings brought forward Trade receivables (to be received in January 2013) Trade receivables (to be received in February 2013) 3,000 4,000 Trade payables (to be paid in January 2013) Taxation payable (to be paid in March 2013) Market stall fotures and fittings at cost Market stall depreciation to date Cash in bank Inventories as at 31t December 2012 Long term bank loan 8,000 500 15,000 6,000 13,500 2,500 10,000 24,50013,500 38,000 IThe market stall is depreciated on a 20% straight-line basis and there is no scrap value