9,350 2.800 PISA (LO4) Craft Carpentry Limited reports the following selected asset. liability, and shareholders! equity accounts, in alphabetical order: Prepar Accounts payable $15,600 Accounts receivable Intangible assets $ 5.000 13.100 Interest payable 300 Bank loan payable 32,000 Cash Inventory 9,200 Prepaid insurance 1.000 Common shares 20,000 21.250 Deferred revenue Retained earnings 1,800 Salaries payable 700 Equipment 30,500 Supplies Income tax payable 1,800 Vehicles 22,500 Instructions a. Classify each account as an asset (A), liability (L) or shareholders' equity (SE) item. b. Calculate total assets, total liabilities, and total shareholders' equity and prepare Craft Carpentry's accounting equation c. Craft Carpentry's retained earnings were $18,000 at the beginning of the year. The company reported revenues of $296.750, expenses of $278,500, and dividends declared of $15,000 during the year. Prepare a calculation that proves how retained earnings of $21.250 at the end of the year were determined. P1.6A (L04) Selected information (in millions) is available for The Home Depot, Inc. and Canadian De Tire Corporation Limited for a recent fiscal year: qu Home Depot (U.S.S) Canadian Tire (CS) Beginning of year Total assets s [1] $15,627.0 Total liabilities 43,075 141 Total shareholders' equity 1.454 5,566.1 End of year Total assets 44,003 151 Total liabilities [2] 11.871.8 Total shareholders' equity (deficit) (1,878) Changes during year in shareholders' equity 10,000 588.0 Repurchase of shares Dividends declared 4,704 239.6 Total revenues 108,203 14,058.7 Total expenses 131 13,275.7 251 Other increases (decreases) in shareholders' equity (105.6) Instructions a. Determine the missing amounts for [1] to (6). b. Which company has a higher proportion of debt financing at the end of its fiscal year? Of equity financing? c. Home Depot's year end is the Sunday closest to January 31. Canadian Tire's year end is the last Saturday in December. How might these differing year-end dates affect your comparison in part (b)