An adjusted trial balance for Bob Industries Limited at December 31, 2011 follows.

	Debit	Credit
Cash	319,000
Accounts Receivable	100,000
Interest Payable	0	5,000
Stationery Expense	11,000
Interest Expense	34,000
Prepaid Rent	15,000
Income Tax Expense	28,000
Plant and Equipment	620,000
Accumulated Depreciation- P&E		45,000
Accounts Payable		141,000
Current portion of long-term loan payable		25,000
Common Shares		100,000
Retained Earnings		421,500
Sales Revenue		910,000
Cost of Goods Sold	370,000
Advertising Expense	18,000
Salaries and Wages Expense	87,000
Dividends	23,000
Depreciation Expense	13,000
Rent Expense	90,000
Inventory	55,000
Long-term Loan Receivable	250,000
Non-current Portion of Long-term Loan Payable		350,000
Stationery	2,500
Unearned Revenue		21,000
Wages Payable		17,000
	2,035,500	2,035,500

Prepare, in good form, the balance sheets Total Asset and Shareholders Equity sections only at December 31, 2011, with items classified as current or non-current. Disclose all calculations and explanations