2012 $ 2011 $ 2010 $ ASSETS Current assets: Cash and cash equivalents Trade receibables Prepaid expenses and other assets Inventories Total current assets $ 11,848,434.00 $ 11,359,313.00 16,552,618.00 $ 1,900,000.00 $ 1,786,488.00 $ 1,259,025.00 $ 2,013,603.00 $ 2,126,341.00 $ 1,703,641.00 $ 16,804,392.00 $ 16,402,004.00 $ 15,299,835.00 $ 32,566,429.00 $ 31,674,146.00 $ 34,815,119.00 Non-current Assets: Goodwill Property, plant and equipment Intangible assets Total non-current assets Total assets $ 4,487,242.00 $ 4,487,242.00 $ 4,487,242.00 $ 35,002,959.00 $ 35,388,064.00 $ 36,991,188.00 $ 263,831.00 $ 458,957.00 $ 673,138.00 $ 39,754,032.00 $ 40,334,263.00 $ 42,151,568.00 $ 72,320,461.00 $ 72,008,409.00 $ 76,966,687.00 Liabilities and Equity Current Liabilities Account payable and accrued expenses Total current liabilities $ 18,202,341.00 $ 13,847,253.00 $ 10,972,463.00 $ 18,202,341.00 $ 13,847,253.00 $ 10,972,463.00 Current Liabilities Loans & Borrowings Total LT liabilities Tota Liabilties Total equity Total liabilities and equity $ $ $ $ 18,202,341.00 $ 13,847,253.00 $ 10,972,463.00 $ 54,118,120.00 $ 58,161,156.00 $ 65,994,224.00 $ 72,320,461.00 $ 72,008,409.00 $ 76,966,687.00 52. Identify & Explain four negative observations from the balance sheet. (8 Points)