-/10 Early in January 2023, Sandhill plc is preparing for a meeting with its bankers to discuss a loan request. Its bookkeeper provided the following accounts and balances at December 31, 2022. Debit Credit Inventory 69,438 Accounts Receivable (net) 38,350 Cash 70.060 Equipment (net) 90,220 Patents 15,630 Notes and Accounts Payable E 55.780 Notes Payable (due 2024) 73.810 Share Capital-Ordinary 95,500 Retained Earnings 58.608 E 283,698 283.698 Except for the following items, Sandhill has recorded all adjustments in its accounts, 1. Net accounts receivable is comprised of 50.580 in accounts receivable and 12.230 in allowance for doubtful accounts 2 Cash includes 400 petty cash and E16,470 in a bond sinking fund 3 Equipment had a cost of E117.720 and accumulated depreciation of 27,500