The nie balance and additional information given below were extracted from the accounting records of Dyson Limited on 29 February 2020, the end of the francial year. REQUIRED Prepare the Statement of Financial Pestion as at 29 February 2000. The notes to the financial statements are not required Show workings in brackets. INFORMATION DYSAN LIMITED PRE ADJUSTMENT TRIAL BALANCE AS AT 29 FEBRUARY 2020 DebitR Credit (R) 200 000 62000 180 000 120 000 90 000 38 000 Balance sheet accounts section Ordinary stare capital 100 000 shares) Retained eemings Vehdes at 06 Equipment at cost Accumulated depreciation on vehicles Accumulated depreciation on equipment Trading inventory Debtor control Provision for bad debts Bank Cash float Creditors control Soun African Revenue Services Company tex Long term loan Aries Baris (18 p.a) Nominal accounts section 70 000 32000 4000 182000 2000 40 000 10 000 B0 000 Sales 485 000 240 000 5 000 B4 000 5000 2000 20 000 15 000 Cost of sales Sales retums Salaries and wages Bad debts Consumable stores Rent expense Motor expenses Bad debts recovered Telephone Electricity and water Bank charges Insurance Interest on mortgage loan Commission income 2000 7000 11 000 3000 4.000 6000 5000 1 006 000 1 006 000 Adjustments and additional information + According to physical stockiaking done on 29 February 2020, trading inventory anhand amounted to R8 000 2. Consumable stores nuand according to stochtaking amounted to R200 on 29 February 2020, 3 No entry has been made for a commission of 10%eamed but not received on 500 nams that were sold for R60 each 4. Received a cheque for P500 from an insolvent debtor, J. Marsh, who was only able to pay 30% of her debt The balance of her account must now be written off. No entries were made for these transactions 5. The provision for bad debts must be decreased to R1 500. 6. The telephone account for February 2020 was due to be paid on March 2020. R700 7 The rental agreements signed with ne lessor (landard) are as follows R30 000 for the period 01 January 2019 to 31 December 2019 and R36 000 for the period 01 January 2020 to 31 December 2020 Make the necessary adjustment 8. The loan from Aries Bank was obtained on 01 September 2019. Provide for the outstanding interest Interest is not capitalised) Loan repayments (excluding interest are expected to amount to R12 000 in the next fnancial year 9 The insurance total includes an annual premium of R1 800 that was paid for the period 01 June 2019 to 31 May 2020 10. The bank statement for February 2020 reflected bank charges of R180 that have not yet been recorded 11 The electricity and water statement for February 2020 Included an amount of Rt 000 for a deposit Toured by the municipality. This was recorded in the water and electricity account 12 Provide for depreciation as tolos 121 On equipment at 15% per annun on cost 122 On vehicles at 25% per annum on the diminishing balance 13 An account received from Heidi Motors to replace two tyres on the delivery vehicle of the business, R2 000. has not been recorded 14 Company tax for the financial year amounted to R11 691 15 The directors proposed a final dividend of 18 cents per share 16 The profit after tax for the year ended 29 February 2020, after taking the above adjustments into account, was R27 279