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Prepare the statement of financial position at 31 March 2021.
Question 1 Zennica plc provided the following information for the year ended 31 March 2021. At 1 April 2020 Land and buildings - cost Retained earnings Share capital - ordinary shares of $1 each Share premium 7% bank loan (2021) 6% debentures (2030) RM 650.000 98.908 295,000 25,000 80,000 75,000 At 31 March 2021, RM 36,100 9.264 700 Plant and equipment - carrying value Bank Cash Inventory Raw materials Work in progress Finished goods Tax payable Trade payables Other payables Trade receivables 19,690 34,715 15.168 15.280 84.144 3,692 56.400 Additional information: On 1 June 2020 a rights issue of two ordinary shares for every five shares held was made at a premium of RM 0.30 per share. The issue was fully subscribed. On 1 December 2020 a final dividend of RM 20,650 was paid. On 1 January 2021 RM 50,000 of the 7% bank loan (2021) was repaid. . On 31 March 2021 profit for the year was RM 62,263 before adjusting for the allowance for doubtful debts at 2% of trade receivables. On 31 March 2021 land and buildings were to be revalued to RM 800,000
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