Ano2. a) Calculate Working Capital Assets Amount Liabilities Amount Cash 60000 Marketable Securities 10000 Account Receivable 40000 Inventory 50000 25000 marks) Account Payable 30000 Accrued Expenses 20000 Notes Payable 5000 Current Portion of long term debt 10000 Long term Loan 50000 Car 14 400 (b) Inventory Units Total Cost January 1 100 @5 per unit 500 January 11 200 @7per unit 1400 January 15 @8 per unit 3200 January 20 300 @9per unit 2700 Company sold first 250 units using FIFO method till January 11th. Company then changed its policy and sold 350 units on January 20h on LIFO method. Calculate total cost of the inventory sold and inventory left? (4 marks) C) A Company Purchase a building on 1st January 2013 for $ 150,000. The useful life of assets was 10 years. On ist January 2015, the company revalued the building to its currents fair value of $80,000. What would be the double entry to record this transaction? 4 marks d) is normal repairing of a car engine a maintenance cost or overhauling cost? What will be its accounting treatment? Explain (2marks) How will we treat addition of new room in a factory after bulldozing old room? What will be the accounting treatment? (1marks) A factory is being shifted to new place. With it all assets will be moved. Will the cost of repositioning be added to cost of these assets? Explain (1 mark) e) Asset cost $50000 Useful life of asset was 10 years. At the start of 6 year, the asset has lost its efficiency to perform. Asset was sold for $10,000. Calculate gain or loss and write journal entry to record transaction (4 marks)