Mr S Africa is the owner of SA Traders. On 31 March 2021, the following list of balances was extracted from the accounting records of SA Traders: • Land and buildings - R1 340 000 ■ Trade receivables - R34 800 Income received in advance - R13 780 Mortgage loan R830 500 ■ Unfavourable bank balance - R22 068 Determine the net worth of SA Traders as at 31 March 2021 by making use of the basic accounting equation.​