Time left 1:31 1. Machinery with a cost of R100 000 and accumulated depreciation of R75 000 on 30 June 2019 was sold on 31 March 2020 for R25 000. Fifty percent of the machinery purchased was to expand operations. 2. Profit on sale of vehicle, R10 000. 1. On 1 April 2020 financial assets with a carrying amount of R50 000 were sold for R62 500. 2. Interest paid for the current year amounted to R36 000 and dividends of 3. Sales for the year amounted to R1 500 000. 4. Re-valuation Reserves current year: 10 000 Profit on re-measurement of financial assets R Reserve with revaluation of land and buildings R 250 000 R75 000 were received. 5. Net profit before tax R 545 000 6. Taxation for the year R 225 000 REQUIRED: 1. Below find the Statement of Cash Flows. General Ledger accounts and supporting note of Resilience Ltd for the year ended 30 June 2020 Please complete the accounts in the table provided below by supplying the accounts or amounts for the missing values from 1 to 54. Note: Please make sure that you read the instructions carefully before answering the question. 1. On 1 January 2020, 250 000 ordinary shares were issued at R1.10. 2. The amounts owing on 30 June 2019 regarding dividends proposed and taxation were paid in September 2019. 3. On 31 December 2019 dividends of R100 000 was declared and paid. 4. Non-current assets consist of: B Land and Machinery Vehicles Total buildings R R R R Carrying amount at beginning of 485 000 300 000 250 000 1035 000 year Gross carrying amount 500 000 450 000 350 000 1 300 000 Accumulated depreciation (15 000) (150 000) (100 000) (265 000) Additions 100 000 120 000 150 000 370 000 Disposals at carrying amount (17 500) (20000) (37 500) Revaluation 250 000 250 000 Depreciation for the year (20.000) (52 500) (80 000) (152 500) Gross carrying amount 850 000 470 000 450 000 1770 000 Accumulated depreciation (35.000) (120 000) (150 000) (305 000) Carrying amount at end of year R815 000 R350 000 R300 000 R1 465 000 EQUITY AND LIABILITIES Capital and Reserves Share capital Retained earnings Revaluation reserve Non-current liabilities Long-term loan 2 265 000 1 510 000 800 000 525 000 1205 000 985 000 260 000 300 000 350 000 300 000 350 000 Current liabilities 500 000 1515 000 Trade and other payables 250 000 300 000 Current portion of long-term loan 50 000 50 000 150 000 125 000 Tax payable 50 000 40 000 Shareholders for dividends Total equity and liabilities R3 065 000 R2 375 000 ASSETS 2020 2019 R R Non-current assets 2 215 000 1 635 000 Property, plant and equipment 1465 000 1 035 000 Financial assets 750 000 600 000 Current Assets 850 000 740 000 250 000 Inventories 200 000 Trade and other receivables 450 000 405 000 Cash and cash equivalents 150 000 135 000 Total assets R3 065 000 R2 375 000