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Atlanta Company has decided to expand its operations. The bookkeeper recently completed the balance sheet in order to obtain additional funds for expansion Mangrove Company

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Atlanta Company has decided to expand its operations. The bookkeeper recently completed the balance sheet in order to obtain additional funds for expansion Mangrove Company Balance Sheet December 31, 2020 Cash at bank 110,000 Accounts receivable 448,000 Inventories 561,000 Building 1,561,000 Omice equipment 125,000 Land held for future use 251,000 Goodwill 125,000 Prepaid expenses 39,000 Accounts payable 300,000 Notes payable (due next month) 75,000 Pension obligation 361,000 Unearned revenue 25,000 Interest on bonds payable 36,000 Bonds payable (Payable in 5 years) 1,500,000 Common shares @ AED 1.00, issued 610,000 units 610,000 Retained carnings 192.450? Required search 0 21C Cloudy g Required You are required to prepare a balance sheet given the available information and extract the following balances (5 marks) Total assets (1 mark) Total property plant and equipment (1 mark) Total current liabilities (1 mark) Total liabilities (1 mark) Total stockholders equity (1 mark) Notes: Assume that the annual depreciation for the buildings is 5% and for the office equipment, 10% The allowance for doubtful debt on account receivable is 30,000. The pension obligation is considered a long-term liability

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