Boch International Company has the following assets:

- Cash, \(\$ 9,000\)

- Accounts receivable, \(\$ 25,600\); allowance for uncollectible accounts, \(\$ 4,300\)

- Office supplies: cost, \(\$ 280\); scrap value, \(\$ 70\)

- Office machinery: cost, \(\$ 72,000\); accumulated depreciation, \(\$ 14,000\); current sales value, \(\$ 47,400\)

- Land: cost, \(\$ 45,000\); current sales value, \(\$ 105,000\)

\section*{Required}

1. Assume that Boch continues as a going concern. Compute the amount of its assets for reporting on the balance sheet.

2. Assume that Boch is going out of business by liquidating its assets. Compute the amount of its assets at liquidation value.