STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: Assets Non-current assets (Fixed assets only) Inventories Accounts receivable Cash and cash equivalents Total assets 2019 R ? 230 000 ? 116 000 ? 2018 R 782 000 202 000 276 000 124 000 1384 000 Equity and liabilities Equity Non-current liabilities: Long-term loan from BT Bank Accounts payable Other current liabilities Total equity and liabilities ? ? 108 000 366 000 ? 626 000 378 000 100 000 280 000 1384 000 Additional information: 1. Depreciation for the year ended 31 December 2019 amounted to R100 000. Non-current assets purchased during 2019 amounted to R132 000. No fixed assets were sold. 2. There were 200 000 ordinary shares in issue during 2019. There was no change to the share capital during 2019. Retained earnings for the year ended 31 December 2019 amount to R26 000. 3. An amount of R76 000, including R20 000 for interest, was paid to BT Bank during 2019. 4. The credit terms to debtors are 30 days