16. Preparation of the statement of financial position. Prepare the statement of financial position for December 31, 2019, based on the following information. cash = 207,000; Patents and Copyrights = 871,000; Trade payables = 293,000; Trade receivable = 265,000; Tangible net non-current assets = 5,270,000; Inventories = 579,000; Accounts Payable = 201,000; Cumulative retained earnings = 4,676,000; Non-current Liabilities = 1,680,000.

17. Residual Claims. You must pay your creditors $7,900 per year.

a. If your assets are $9,100, what is the value of your equity?

b. What if your assets were $6,900?