The following Trial Balance for ABC Ltd. is extracted at 31 December 2021.

ParticularsDr. Cr. Sales 3,41,726 Purchases 2,03,524 Wages and Salaries 54,210 Rent and Rates 12,466 Heat and light 4,757 Inventory at 1 Jan 2021 14,310 Dividend paid 28,500 Receivables 49,633 Payables 32,792 Bank 3,295 Sundry expenses 18,526 Cash 20,877 Share Capital 20,000 Reserves 8,990 4,06,803 4,06,803

Closing Inventory is 15,327.

Based on the above information, 1. What is Net Assets or Owner's Net worth?

ASSUME THAT THE DIRECTORS OF ABC LTD. ARE CONSIDERING REFINANCING. IN THAT CASE: 2. WHERE SHOULD THE FOLLOWING BE CLASSIFIED IN A COMPANY'S FINANCIAL POSITION AT 31 DECEMBER 2021? A. AN OVERDRAFT BALANCE OF 55,000. B. A LOAN FROM A BANK DUE FOR REPAYMENT IN FULL IN JULY 2023