The following information was presented by Zondi Enterprises for the year ending 28 February 2016. Use this information together with the depreciation information below to compile a Balance Sheet for the farm February as at 28 Appreciation of the land value is 2.5% per annum. Depreciation on Fixed Improvements is 4.5% per annum. Depreciation on Vehicles is 15% per annum. 2016. Depreciation on Machinery and Equipment is 20% per annum. Net Worth on 1 March 2015 was R 1 250 650. Hint: Refer to page 73 of your prescribed textbook Description Value (Rand) Bank Overdraft (FNB cheque account) 55 000 Eplus Savings bank account 17 200 Land (01-03-2015) 950 000 Mortgage bond 650 000 Vehicles (01-03-2015) 350 500 Machinery & Equipment (01-03-2015) 400 000 Fixed Improvements (01-03-2015) 600 000 MMM Vehicle financing 180 000 Co-operative production loan 20 000 Bull calves for sale 10 200 Feed on hand 8 000 Sundry debtors 12 700 Sundry creditors 16 400 Absa loan (repayable over 60 months) 30 250 Insurance paid in advance 1 200 Machinery rent in arrears 8 200 Unpaid land rates 5 000 Prepaid income tax 6 500 Previously issued cheques by Zondi Enterprises, still unchanged 3 200 [20]