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Exercise 1685 points) Presented below are selected accounts of A Line Led at December 31, 2019 Cash $58,300 1.540 60,000 12.000 Allowance for doubtful accounts Inventory cost) Inventory (met realizable value) 59.100 58.000 Land Accumulated depreciation Equipment Salaries and Wages payable Equipment 14,400 Mortgages payable. due March 31 2025 50,000 150,000 100,000 Share capital ordinary Copyrights Retained earnings 23,900 Accounts payable Accounts receivable 3300 19.280 Requirement: Prepare statement of Financial position for A Line Ltd. at December 31, 2019 Exercise 2 (15 points) a. Provide the definitions of Assets, Liabilities and Equity b. What are the further 4 sub dassifications of Non-current assets? Bonus Question (10 points) Olmsted Company has the following items share capital-ordinary, 920,000, treasury shares, 85.000 deferred taxes, 100,000 and retained earnings. 6363,000. What amount should Olmsted Company report as total equity? E1098000 h 1,198.000 1.298,000 1,398,000