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Compier Belance Sheet Presented beiom in the unauded bayance sheet as of December 34. 2019. presared by Zeus Manufacturing Corporationis bookkeeser Your company has been

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Compier Belance Sheet Presented beiom in the unauded bayance sheet as of December 34. 2019. presared by Zeus Manufacturing Corporationis bookkeeser Your company has been engaged to pertoim an aciti, during which you discover the foliowng infarmationi "N5F," but eo entry nass made, Cash indudes $100,000 restricted for brildeng purposet. 2. Incuded in accounts receivabie is a $30,000 note due on December 31 , 2022 , from Zeus's president. Zew plant to hoid these shares indefritely 4. Treasury stock was recorsted at cost when Zeus purchased. 200 of its own shares for 532 per share in May 2019 . Thss amount is inclubed in iniestrents: Your company tas been engased bo pertorm an audit, during which you discovor the folowivg informatisnt "Nesp, but no entry was made. Cash indudes $100,060 resticted for buiding purposes. 2. Included in accounts receivable is a $30,000 note due on December 31,2022 , trom Zeus's president. Zeus plans to hold these skares insefiniteiy. 4. Tieasury stock was recoeded at cost when Zeus parchased 200 of its ewh shares for $32 por thare in May 2019 . This amsunt is incused in imvestments. annual principal payments, plus interest, on Febeuary 25 of each year, beginning in 2021 . The finel payment is due February 28,2028. 7. The lansuit liablity wit be paid in 2020 . 8. Of the total deferred tax liabisy, 55,000 is considered a current liabily. 9. The current income tax evpense reported in zeus's 2019 income statement was $61,200. 10. The company was authorived to issue 100,000 shares of 150 par value common stodk. Requiredt Intangitle Asse: Grostwill = other Assets: Grher Assets: Long-Term Deth Martaage naxabie = Notes perablite = Deterred tax liability fotal iongterm debt Fotal Labuties Shareholders' Equay Contributed Copta: Comeranavtock, 3 so par value = Sharenoiders Cauty: Corerawned Capeal 4CommenHoch.S50 Torat lishatiet end sherenwabs' Foudy

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