5. Accounting cycle Christine Matt started a business on January 1, 2020, under the name of Matt Rugs. Below is the ending balances of accounts on 31 January 2020: $ $ Cash at bank 35,000 Account payables 35,000 Inventory 30,000 Mortgage loan 120,000 Account receivables 25,000 Accrued interests 18,500 Prepaid rent 10,500 Retained profit 22,000 Land 135,000 Owner's capital 40,000 Total 235,500 Total 235,500