ABC Inc. bought land and built its plant 10 years ago. Land is not depreciated. The depreciation on the building and plant is calculated using the straight-line method, with a life of 30 years and a salvage value of $1,000,000. The depreciation for the equipment, all of which was purchased at the same time the plant was constructed, is calculated using declining-balance method with depreciation rate of 4%. Complete the Balance Sheet below and find:

The value for the Total Assets = ? (4 point)

The value for the Preferred Shares = ? (4 points)

The value for the Acid-Test Ratio = ? (4 points)

The value for the Return-on-Equity Ratio = ? (4 points)

Note: This is a MULTIPLE-ANSWER problem, you have to select one correct answer for each of the above 4 questions.

Total Assets =10,994,343. Total Assets =11,495,498. Total Assets =12,054,343. Total Assets =12,994,498. Preferred Shares =1,627,498. Preferred Shares =1,723,343. Preferred Shares =1,994,498. Preferred Shares =2,372,343. Acid-Test Ratio =1.1835 Acid-Test Ratio =1.3714 Acid-Test Ratio =1.7143 Acid-Test Ratio =1.8035 Return-on Equity Ratio =0.1204 Return-on Equity Ratio =0.1455 Return-on Equity Ratio =0.1801 Return-on Equity Ratio =0.2161