Leon's Furniture Ltd. is one of Canada's largest retailers, selling a wide range of merchandise, including furniture, major appliances, and home electronics. A recent statement of financial position contained the following items (in millions).

Required

1. Prepare a statement of financial position as at December 31, 2015, solving for the missing amount.2. Explain how an investor should interpret the following items: dividends payable, retained earnings, and total assets.

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Cash and cash equivalents 18 Contributed capital 31 Dividends payable Income tax payable 35 Intangible assets and goodwill 739 Inventories 267 Loans and borrowings 315 Other assets 93 Other components of equity 8 Other liabilities 460 Property, plant, and equipment Retained earnings 334 510 Total assets 1,563 Total liabilities and shareholders' equity Trade receivables 112 Trade and other payables 197 %24