The following information was extracted from the financial statements working papers file for year ended 31 December 2020 for Dave Songs Cleaning Services. List of balances at 31 December 2020 Debits R Credits - R Capital: D Song 660 000 Drawings 160 000 Land and buildings at cost 582 000 Vehicle at cost 224 000 Accumulated depreciation: Vehicle (1 January 2020)

46 000

Bank 360 000 Inventories: Consumables 104 000 Trade receivables 261 200 Allowance for credit losses 13 060 10% Long term loan 320 000 Trade payables 260 000 Fees earned 1 036 600 Rent expense 160 000 Telephone 10 708 Other distribution expenses 454 752 Interest on long term loan 19 000

2 335 660 2 335 660

Prepare the following for Dave Songs Cleaning Services for the financial year ended 31 December 2020:

1.2 the asset and liabilities sections only of the statement of financial position. The equity section is not required.