The following is an incomplete statement of financial position of Bruno Limited as at 31 December 2023: Bruno Limited. Statement of financial position as at 31 December 2023: 2023 R 2022 R ASSETS Noncurrent assets Property, plant and equipment Current assets Inventory 288 000 48 000 Trade receivables 244 000 231 000 Total assets Capital and reserves Share capital and reserves Issued share capital 100 000 Accumulated profit 40 000 80 000 Noncurrent liabilities Interest bearing debt Current liabilities Trade and other payables Total equity and liabilities 980 000 612 000 Additional information: o Selected financial ratios calculated from the above financial statements are as follows: 2023 2022 Noncurrent assets : Equity 3.2:1 1.85:1 Noncurrent liabilities : Equity 2.5:1 1.8:1 22; 23; 24 2023 The Independent Institute of Education (Pty) Ltd 2023 Page 7 of 7 o No new shares were issued during the year. o Purchases for the year ended 31 December 2023 amounted to R620 000. REQUIRED: Redraft and complete the statement of financial position of Bruno Limited as at 31 December 2023. Comparative figures are required. [TOTAL MARKS: 1