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1 (10 marks) The following accounts and totals, taken from Chef Cheryls Bistro, display some of Chef Cheryls Bistros adjusted balances before closing: Cheryl Kind,

1 (10 marks) The following accounts and totals, taken from Chef Cheryls Bistro, display some of Chef Cheryls Bistros adjusted balances before closing: Cheryl Kind, Capital 50,000 Cheryl Kind, Withdrawals 25,000 Current Assets 10,000 Long-Term Assets 45,000 Total Assets ? Total Expenses 55,000 Total Liabilities ? Total Revenue 60,000 Required: Using the details provided, calculate the Total Assets and Total Liabilities in the table above

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