3.1 Prepare a balance sheet for the year ended 30 June 2009 for TML Ltd. Refer to the additional information provided to complete the balance sheet. TMH Ltd. Comparative Balance Sheets for years ending 30 June 2008 and 2009 2009 2008 Assets: $ $ Current Assets: Cash Accounts Receivable 52,000 156,000 46,000 134,000 176,000 Inventory Total Current Assets: 356,000 Land Buildings Less Accumulated Depreciation (120,000) 140,000 290,000 (105.000) Total Land and Buildings Total Assets: 325,000 681,000 Liabilities Current Liabilities Expense Payable 155,000 Accounts Payable 124,000 197.000 Total Current Liabilities 322,000 321,000 Long-Term Borrowings 139.000 Owner's Equity Ordinary Share Capital 50,000 Retained Earnings Total Owner's Equity 45,000 176,000 221,000 Additional Information: Profit for year ended 31 June 2009 was $94,000 Cash received from customers totalled $330,000 Cash paid for inventory totalled $170,000 . Cash paid for expenses totalled $20,000 . Dividends paid during the year were: $67,000 . During the year, accounts receivable decreased by $10,000 Cost of new buildings acquired during the year $125,000