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 as at 28 February 2016. 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. 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 Unpaid land rates Bull calves for sale Feed on hand Sundry debtors Sundry creditors Absa loan (repayable over 60 months) Insurance paid in advance Machinery rent in arrears Prepaid income tax Previously issued cheques by Zondi Enterprises, still unchanged 10 200 8 000 12 700 16 400 30 250 1 200 8 200 5 000 6 500 3 200 [20]