12.2 An adjusted trial balance for Bob Industries Limited at December 31, 2011 follows. Debit Credit Cash 319,000 Accounts Receivable 100,000 Interest Payable 0 5,000 Stationery Expense 1 1,000 Interest Expense 34,000 Prepaid Rent 15,000 Income Tax Expense 28,000 Plant and Equipment 620,000 Accumulated Depreciation- P&E 45,000 AccOunts Payable 141,000 Current portion of long-term loan payable 25,000 Connnon Shares 100,000 Retained Earnings 421,500 Sales Revenue 910,000 Cost of Goods Sold 370,000 Advertising Expense 18,000 Salaries and Wages Expense 87,000 Dividends 23,000 Depreciation Expense 13,000 Rent Expense 90,000 Inventory 55,000 Long-term Loan Receivable 250,000 Non-current Portion of Long-term Loan Payable 350,000 Stationery 2,500 Unearned Revenue 21,000 Wages Payable 17,000 2,035,500 2,035,500 Required: Prepare the balance sheet's Total Asset and Shareholders' Equity sections only at December 3 l , 2011, with items classied as current or non-current. Disclose all calculations and explanations