The accountant of Butler Ltd has gone on sick leave a nd there are some outs tanding issues. The Finance Director provided you with the following stateme nt of financial position of Butler Ltd. Statement of financial position on 31 December 2018 ASSETS PPE 590,000.00 Share capital (2 000 000 authorises NPV shares) 250,000.00 10,000.00 Cash Overdraft (4,000.00) Inventory Trade receivables Shareholders for dividends 52,000.00 30,000.00 22,000.00 950,000.00 Total assets Equity and liabiliti es Retained earnings Trade payables Long-term loans Accumulated depreciation 610,000.00 220,000.00 158,000.00 42,000.00 Income tax expense 60,000.00 Total equity and liabilities 1,030,000.00 You are required to: 2.4 Write a report critically evaluating the presentation of the above stateme nt according to the requirements IAS 1. [18 marks