• You are required to prepare Statement of Financial Position from the following Trial Balance and Adjustments.

Name of the Account (OUT)Debit - Dhs (IN)Credit - Dhs Capital 27000 Drawings 4260 Furniture 5700 Stock on Jan,01,2019 8760 Purchases and Sales 62172 71436 Returns 1260 1746 Salaries 2640 Rent 720 Carriage 1500 Rates and Taxes 1200 Apprentice Premium 750 Bank Overdraft 1200 Bad Debts 1032 Sundry Debtors 19200 Cash in Hand 288 Sundry Creditors 6000 Provision for Bad Debts 600 Bills Receivable 1440 Bills Payable 1080 Discount 360 110172 110172 You are required to consider the following adjustments: Stock on December 31, 2019 was valued at Dhs. 10,200. Provide for doubtful debts at 5%(960) on Sundry Debtors and for Discount on Creditors at 2% (384) > The Rent due was Dhs. 160 and Taxes of Dhs. 320 were paid in advance. > Depreciate Furniture at 10% per annum and Apprentice Premium of Dhs. 120 was to be carried forward. > The interest on capital is calculated at 5% per annum