Building a Statement of Financial Position The following table presents the long-term debt and shareholders’ equity of Tumbler SA one year ago:

(€m)

Long-term debt 60 Ordinary shares 25 Accumulated retained earnings 89 During the past year, Tumbler issued 20 million shares at a total price of €52 million, and issued €16 million in new long-term debt. The company generated €14 million in net income and paid €8 million in dividends.

Construct the current statement of financial position reflecting the changes that occurred at Tumbler during the year.

REGULAR