The Gang uses public sector accounting and has the following balances at March 31, 2020:

Financial assets 100

Financial liabilities 150

Non-financial assets 280

Non-financial liabilities 55

Required:

a) What is Net Debt at March 31, 2020? Show the calculation. b) What is Accumulated Surplus/Deficit at March 31, 2020? Show the calculation and make sure to indicate if it is a surplus or deficit.