Side panel UNISA 2024 FAC1601-24-S1 Welcome Message Assessment 2 QUIZ Assessment 2 Time left 0:59:52 Question 1 Not yet answered Marked out of 11.00 Flag question Question text The following information is presented for Setlagole Catering, a business in providing luxury catering services to the areas around the Dr Ruth Segomotsi Mompati District Municipality in the North West province. These are the balances when they commenced a simultaneous liquidation of the partnership: EXTRACT OF BALANCES R Trade payables 53,900 Trade receivables 87,300 Catering equipment (cost) 189,000 Vehicles (at cost) 180,000 Catering equipment (accumulated depreciation) 123,979 Vehicles (accumulated depreciation) 67,500 Building (at cost) 250,000 The following transactions took place as part of the liquidation: Debtors were offered a 5% settlement discount. Only 94% of the debtors settled their balances and the remainder of the debtors book was sold to a debt agency at 65% discount. The creditors were all settled at a settlement discount of 11%. The vehicle and the building were auctioned off for R112 000 and R283 300 respectively The catering equipment was sold to another local catering company for R55 000. Which one of the following alternatives represents the correct net profit (or loss) made on the simultaneous liquidation of Setlagole Catering? Your answer must be rounded off to the nearest rand. a. (R 21,200) b. (R 28,708) c. (R 170,279) d. R 170,279 e. R 21,200 f. R 28,708 g. (R 19,367) h. R 19,367​