PSA12.4 The following financial information is for Digimax Ltd. DIGIMAX LTD Statement of financial position as at 30 September 2016 Assets Cash Short-term investments Receivables (net) Inventories Prepaid expenses Building and equipment (net) Total assets Liabilities and shareholders' equity Notes payable (30 days) Accounts payable Accrued liabilities Notes payable, due March 2017 Contributed equity, $10 per share Retained earnings Total liabilities and shareholders' equity 2016 $70 000 45 000 94 ooo 130 ooo 25 000 130 000 190 ooo S.u.QQ.Q $100 000 45 ooo 40 ooo 150 000 200 000 149 000 $684 000 DIGIMAX LTD Statement of profit or loss for the years ended 30 September Sales Cost of sales Gross profit Operating expenses (including tax) Profit 2016 $850 ooo 620 ooo 230 ooo 194 000 $36 ooo 2015 $65 000 40 000 90 ooo 125 ooo 23 000 130 000 175 ooo $100 000 42 ooo 40 ooo 150 000 200 000 116 000 S6.d-QQ.Q 2015 $790 ooo 575 ooo 215 ooo 180 000