The following represents the Adjusted Trial Balance for Jupiters Limited as at 30 June 2021 Jupiters Limited Adjusted Trial Balance 30 June 2021 Account Accounts Payable Accounts Receivable Accrued Utilities Debit Credit $ $ 5,600 24,300 2,300 Accumulated depreciation Motor Vehicle 8,700 Bank Loan (due 2025) 35,000 Cash 27,500 Depreciation expense 2,500 Dividends paid 6,000 Interest Expense 2,700 Motor Vehicles 36,300 Other income 11,200 Prepaid Insurance 8,400 Rent Expense 12,300 Retained Earnings - 1/7/20 20,000 Service Revenue 155,000 Share capital 20,000 Supplies 4,400 Supplies expense 970 Utilities Expense 13,400 Wages Expense 119,030 Total 257,800 257,800 Required (a) Prepare the Statement of Financial Position (Balance Sheet) for the Asset and Liabilities sections ONLY (using the narrative format and the current / non-current classifications) for Jupiters Limited as at 30 June 2021. Note the equity section of the Statement of Financial Position is not required. (8 marks) (b) What useful information does a Statement of Financial Position provide to potential investors? (2 marks) Total 10 marks 7 ABUI TEMPLATE FOR ANSWERS (FOR DATA ENTRY ONLY DO NOT COPY AND PASTE FROM QUESTION OR OTHER SOURCES AT THIS MAY CORRUPT THE TEMPLATE - SHOULD YOU NOT WISH TO USE TEMPLATE ENTER YOUR ANSWER AT THE END OF TEMPLATES). (a) Prepare the Statement of Financial Position (Balance Sheet) for the Asset and Liabilities sections ONLY (using the narrative format and the current / non-current classifications) for Jupiters Limited as at 30 June 2021. Note the equity section of the Statement of Financial Position is not required. (8 marks) Description $