1) Review and analyse the Liabilities in both quarters outline the differences and explain why this may have occurred in your opinion research this first!

Balance Sheet 2nd Quarter Assets Cash Accounts Receivable Inventory Motor Vehicle Land and Buildings Total Assets Liabilities Accounts Payable Interest Bearing Liabilities Total liabilities Net Assets $ 2,10,000.00 $ 9,00,000.00 $ 32,00,000.00 $ 1,50,000.00 $ 56,00,000.00 $1,00,60,000.00 $ 65,000.00 $ 52,00,000.00 $ 52,65,000.00 $ 47,95,000.00 Balance Sheet 3rd Quarter Assets Cash Accounts Receivable Inventory Motor Vehicle Land and Buildings Total Assets Liabilities Accounts Payable Interest Bearing Liabilities Total liabilities Net Assets $ 2,36,000.00 $ 9,00,000.00 $ 32,00,000.00 $ 1,50,000.00 $ 56,00,000.00 $1,00,86,000.00 $ 6,00,000.00 $ 1,31,000.00 $ 7,31,000.00 $ 93,55,000.00