FiveH Pty Ltd Statement of financial position 2019 2018 Assets Cash $147,500 $58,100 Accounts receivable $136,700 $50,000 Inventory $169,250 $154,775 Prepaid expenses $28,100 $24,500 Land $162,500 $141,500 Plant $405,500 $364,250 Accumulated depreciation ($75,500) ($78,500) Total Assets $974.050 $714,625 Liabilities and Equity Accounts payable $138,500 $101,450 Accrued expenses payable $25,550 $26,000 Interest payable $10,000 $9,000 Debentures payable $118,000 $141,500 Share capital $330,500 $278,000 Retained earnings $351,500 $158,675 Total Liabilities and Equity $974.050 $714.625 Statement of profit or loss Sales $513,500 Cost of sales $173,690 Operating expenses (Dep. Expense included) $88,865 Interest expense $3,845 Loss on sale of plant $11,750 income tax expense $11,000 $289.150 Profit after tax $224.350