Emirates College of Technology IN 18/08/2011 Form NECTACATO 04 Group Work >> The following Financial Statements regard to ALFA Company, use the data in the tables to answer the following questions? ALPFA Company Balance Sheet 31 Dec, 2017 Assets (S) Liabilities & Equity (5) 2017 2017 Cash 500,000 Accounts payable 200,000 Bank 200,000 Notes payable 600,000 Account Receivable 250,000 Accruals 500,000 Inventories | 300,000 Total Current Total Current Asset 1,250,000 1,300,000 Liabilities Gross Fixed Asset 2,000,000 Long-term debt (2) Less: Depreciation. 200,000 Net Fixed Asset 1,800,000 2,000,000 200,000 Total Liabilities Common stock preferred stock Retained earnings Total equity 50,000 1,050,000 Total assets (1) Total Liabilities & Equity 3,050,000