Use the information provided below to prepare the Statement of Financial Position of Trent Limited as at $31$

July $2023.$ The notes to the financial statements are not required.

INFORMATION

TRENT LTD

Extract of PRE$-$ADJUSTMENT TRIAL BALANCE AS AT $31$ JULY $2023$

Balance Sheet Accounts Section Debit $($R$)$ Credit $($R$)$

Ordinary share capital $(200000$ shares$)4000000$

Retained earnings $589200$

Land and buildings $3904100$

Vehicles $($cost$)1400000$

Equipment $($cost$)900000$

Accumulated depreciation on vehicles $510000$

Accumulated depreciation on equipment $397000$

Debentures $(12\%$ p$.$a$.$; Maturity date $31$ July $2028)1700000$

Investment $(25000$ shares in ABC Limited$)500000$

Trading inventory $1090000$

Debtors control $360000$

Provision for bad debts $30000$

Bank $287000$

Creditors control $484000$

South African Revenue Services: Company tax $140000$

Adjustments and additional information

The profit after tax for the year ended $31$ July $2023$ amounted to R$392100.$ The following adjustments were

made to the income and expenses but not to the balance sheet accounts:

$1.$ A physical stocktake on $31$ July $2023$ revealed the following:

$1\mathrm{.}1$ Trading inventory on hand amounted to R$1050000.$

$1\mathrm{.}2$ Stationery unused amounted to R$2000.$

$2.$ Rent for August $2023$ was received and recorded on $31$ July $2023,$ R$14000.$

$3.$ Dividends of $70$ cents per share are due from ABC Limited.

$4.$ Commission on sales of R$30000$ is owed to the salespersons.

$5.$ Equipment, cost price R$120000,$ was purchased on credit on $01$ July $2023$ but no entry has been made

for this. Depreciation on equipment is calculated at $15\%$ p$.$a$.$ on cost and on vehicles at $20\%$ p$.$a$.$ on the

diminishing balance.

$6.$ The bank statement was received after the trial balance was prepared and it reflected bank charges of

R$1800.$

$7.$ The provision for bad debts must be adjusted to $5\%$ of debtors.

$8.$ Two of the directors of the company are owed remuneration of R$20000$ each.

$9.$ Based on the profit for the year, an amount of R$30000$ is still owed to South African Revenue Services

for company tax.

$10.$ The directors declared a final dividend of $12$ cents per share. The interim dividend amounted to

R$100000.$