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The following list of balances is from the ledger of Mr . Carty as at February 2 8 , 2 0 1 8 . Carriage

The following list of balances is from the ledger of Mr. Carty as at February 28,2018.Carriage Outwards $4,562Drawings $18,440Carriage Inwards $11,830Discount Allowed $2,306Discount Received $1,750Purchases $135,680Return Inwards $5,624Rents, rates & insurance $25,973Heating & Lighting $11,010Postage, stationery & telephone $2,410Debtor $ 24,500Fixtures & Fittings- at cost $120,740Provision for depreciation on fixtures & fittings- as at Feb. 28,2018 $63,020Depreciation $12,074Advertising $5,980Salaries & wages $38,521Bad debt $2,008Cash $534Return Outwards $13,407Provision for doubtful debt $512Bank $4,440Capital $83,887Sales $259,870Creditor $19,840Stock as at March 1,2017 $15,654You are required to:Prepare the statement of financial position as at Feb. 28,2018(15 marks)

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