(CMA adapted) PROBLEMS P24-1 (L02) (Subsequent Events) Your firm has been engaged to examine the financial statements of Almaden Corporation for the year 2012. The bookkeeper who maintains the financial records has prepared the unaudited financialstatements for the corporation since its organization on January 22012. The client provides you th the following information. DECEMBER 31, 2007 $1881,100 Other assets 5.171 400 Long term liabilities $7052,500 An analysis of current assets discloses the following. s 57,000 Cah restricted in the amount ofs300.000 for plant espansion) Accounts merivable allowance of S0A00 Inventories LIFOAder assumption) (CMA adapted) PROBLEMS P24-1 (L02) (Subsequent Events) Your firm has been engaged to examine the financial statements of Almaden Corporation for the year 2012. The bookkeeper who maintains the financial records has prepared the unaudited financialstatements for the corporation since its organization on January 22012. The client provides you th the following information. DECEMBER 31, 2007 $1881,100 Other assets 5.171 400 Long term liabilities $7052,500 An analysis of current assets discloses the following. s 57,000 Cah restricted in the amount ofs300.000 for plant espansion) Accounts merivable allowance of S0A00 Inventories LIFOAder assumption)