The CEO has provided you with the following summary projected statement of financial position: Summary forecast statement of financial position as at 31 December 2022 ASSETS Non-current assets Property, plant and equipment Current assets Trade receivables Cash and cash equivalents Total assets 000 80,000 35,325 8,322 43,647 123,647 EQUITY AND LIABILITIES Share capital and share premium 20,000 Retained earnings at 1 January 2022 45,300 Add: Profit for the year ending 31 December 2022 20,039 Retained earnings at 31 December 2022 65,339 85,339 Long-term liabilities 15-year bank loan Current liabilities Trade and other payables Total equity and liabilities REQUIRED: -is" 3 12 25,000 13,308 123,647 ii) Explain how ADVENT has incorrectly recorded the loan in its summary forecast financial statements for the year ending 31 December 2022. (270 words max., 6 marks) iii) Set out the appropriate financial reporting treatment of the 25 million loan in ADVENT's summary forecast financial statements for the year ending 31 December 2022. Include correcting journal entries. (18 marks) b) Prepare a revised summary forecast statement of financial position for ADVENT for the year ending 31 December 2022 which includes your adjustments from a) above. (12 marks)