The following information relates to Emerald Enterprises: Partial pre-adjustment trial balance for the year ending 31 December 2022 R R Balance sheet section

Capital 1 045 000 Drawings 25 000 Land and buildings 1 110 530 Vehicles 405 770 Accumulated depreciation: Vehicles 66 610 Equipment 34 040 Accumulated depreciation: Equipment 4 440 Trading inventory (1 April 2020) 27 070 Debtors control 44 597 Bank 37 475 Creditors control 34 634 Additional information

Additional information 1. A physical stocktake was performed on 31 December 2022. The value of the stock on this date was R26 765. 2. Depreciation must be provided for as follows: Vehicles at a rate of 25% using the reducing balance method. Equipment at a rate of 15% of cost. 3. The insurance premium for December 2022, R1 834, was paid only in January 2023. 4. Emerald Enterprises sublets a portion of their offices. Owing to the public holidays, the rent for December 2022 has not yet been received, R5 200. 5. The profit for the year AFTER the adjustments above amounts to R446 963.

Required: Prepare the statement of financial position for Emerald Enterprises as at 31 December 2022. SHOW ALL YOUR CALCULATIONS.