Assets Cash Land Statement of Financial Position December 31 2018 $ 34,000 Accounts receivable 30,000 Inventory 35,000 100,000 Buildings 532,000 Accumulated depreciation-buildings 71,000) Equipment Accumded depreciation equipment (27.000) Totalt 5718 000 Labilities and Shareholders' Equity Bankverdra Accounts payable $44.000 Income tax payable 3.000 Interest payable Dividends payable Bank loan payablement portion 22.000 Bank loan payable-hon-current portion 3 .000 Common shares 204,000 Rained aming 48.000 Tots and has 100 2017 $0 41,000 $9,000 112,000 254,000 99.000) 37.000 (15.000) $3997000 85,000 $8,000 23000 2.000 6.000 24 000 215.000 1.000 25.000 399.000 in formation 2018: 1. Net income was $,000 2. Again of $9.000 corded on the doo 3 Again on the disposal of $3,000 recorded whe on buildings for the years 58.00 4 tot 6000 puchad o r of our me purchased for . con The 3 N M y ndt, Kieso, Trenholm, Irvine, and Burnley backup disk is ter be (99,000) 37,000 (15,000) $399,000 Accumulated depreciation-buildings (71,000) Equipment 85,000 Acumulated depreciation equipment (27,000) Total assets $718,000 Liabilities and Shareholders' Equity Bank overdraft Accounts payable $ 44,000 Income tax payable 3,000 Interest payable 6,000 Dividends payable 3.000 Bank loan payable current portion 22,000 Bank loan payable-hon-current portion 388,000 Common shares 204.000 Retired 48.000 Tot e s and shareholders' equity S770,000 $8,000 $23,000 2.000 1,000 24,000 215,000 $399,000 Additional formation regarding 2018: 1. et income was $50.000 2. Again of 1,000 was recorded on the disposal of a small parcel of land. Ne land was purchased during the year 3. A nother of $33,000 was recorded when an old building was sold for $47.000 cash. A new was purchased for on bugs for the years $8.000 was purchased while alsof 54,000 was recorded on ment that was sold for 15.000The moviment that w had crederea of $11,000 The company at 214.000 year 6 Dies w e re and common shares were bought back by the company and r e a s the SHERIDAN LTD command