1. Given the following balances, prepare a balance sheet as at 30 June 2019 for Willow Tree...

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1. Given the following balances, prepare a balance sheet as at 30 June 2019 for Willow Tree Limited. 

2. The company did not declare any dividends during the year. Its balance in retained profits at the start of the year was $70 000. What is the profit for the year?

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