EXERCISE 1 The following list of accounts for Company Risks Ltd. is available at the end of 200X. Accounts payable for goods Accounts payable for services Accounts receivable, bill of exchange Accumulated depreciation of constructions Advances to suppliers Called subscribed capital receivable Capital grants Capital stock Cash Cash equivalents Constructions Expenses paid in advance Impairment of constructions Impairment of inventories of other supplies Income for the year Interest payable to credit institutions Inventories of other supplies Land Provisions for other responsibilities Salary paid in advance Short-term debt with credit institutions Short-term holdings in equity VAT payable 132,000 40,000 10,000 30,000 12,000 3,000 40,000 150,000 84,150 500,000 120,000 5,500 6,000 400 308,750 3,000 1,500 140,000 20,000 3,000 150,000 6,000 5,000 REQUIRED: Prepare the Balance Sheet for Company Risks Ltd