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100 0 The following table is the Balance Sheet of company MTR or year 20X0: Balance Sheet of 31 December 20X0 Cash 2000 Receivables Total
100 0 The following table is the Balance Sheet of company MTR or year 20X0: Balance Sheet of 31 December 20X0 Cash 2000 Receivables Total Assets 2000 Liabilities 500 Contributed equity 1250 Retained earnings 250 Owners' equity 1500 Total liabilities and equity 2000 In 20x1, the company had 300 in revenue and 150 in expenses. Assuming all revenue and expenses were paid in cash and a dividend of 50 was paid out, build the income statement and the balance sheet of 20x1 for MTR. TA
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