Balance (2019) $ $ 1 Account Name 2 3 Income tax Expense 4 Decrease in porperty valulation 5 Property, Plant, Equipment 6 Current Assets 7 Cost of Sales 8 Distribuiton Costs 9 Common Shares Issued 10 Finance Costs 11 Stock Option Compenstation 12 Profit before Taxes 13 Retained Earnings(endof year) 14 Dividends Paid 15 Other Income 16 Gross Profit 17 Share Captial (end of year) 18 Contributed surplus (beginnning of year) 19 Non-Current Liablilities 20 Change in Currency Translation (income) 21 Retained Earnings(beginning of year) 22 Administrative Expenses 23 Total Liabilities 24 Total Assets 600,000 35,000 ? Solve 6,500,000 7,500,000 900,000 895,000 90,000 40,000 1,750,000 5,000,000 150,000 40,000 3,500,000 3,395,000 60,000 5,000,000 40,000 4,000,000 800,000 8,000,000 16,500,000 25 Reed Geophysical Inc. Statement of Financial Position As at December 31, 2020 (in $) Assets Non-current assets Property, plant, and equipment Decrease in property revaluation Total non-current assets Please keep in mind that if you have the Totals Categories. You should enter amounts for the ur account balances to demonstrate that the valu to the total given. You know the total assests is $16,500 so theref amounts for the unknown accounts-do not leav blank as long as the Non current assets and cur equal the total Assets. You should also apply some basice accounting kr that your current assests such as cash, receiveab be as high as you fixed assests such as Property Equipment or non-current assets. You do not likely have more money in your Bank what your home or Building is valued at. Therefo Current assets should be a higher value than the Current assets Inventories Trade Receivables Prepaid expenses Cash and cash equivalents 3 Total current assets Total assets Remember the Basic Accounting Equation S ASSETS = LIABILTIES + EQUITY Therefore the amount in Cell Equity and liabilities 3 Equity 5 Contributed equity 5 Share capital 7 Retained earnings 3 Total equity 9 0 Non-current liabilities 1 2 Current liabilities 3 Trade and other payables 4 Short-term borrowings 5 Current position of long-term borrowings 6 Total current liabilities 7 8 Total liabilities 9 0 Total equity and liabilities 1