Example 1. White Co. has listed the following amounts in its balance sheet at the end of 2014: Accounts Cash Euros 50,000 Concept CA Share capital 100,000 EQUITY Land 40,000 NCA Creditors 20,000 CL Long-term borrowings 10.000 NCL Debtors 23,000 CA Furniture 12,000 NCA Merchandise in stock 60,000 CA Advertising payable 10,000 CL Prepaid insurance expense 6,000 CA Net Income year 2014 25,000 EQUITY Bank short-term borrowings 12,000 NCA Retained earnings 14,000 EQUITY WORK TO BE DONE: Answer the following questions taking into account the information above. a. What is the amount of total non-current assets? What is the amount of total assets? b. What is the amount of total current liabilities? What is the amount of total liabilities? What is the amount of total equity? How much is its working capital?