FRANKLIN LTD. Statement of Financial Position December 31, 2018 $ 65,000 15,000 95.000 120,000 165,000 Accounts payable Salaries payable Bonds payable Total liabilities $ 66,000 25,000 225.000 316,000 Cash Prepaid insurance Accounts receivable Inventory Land Building Less: Accumulated depreciation Trademark Less: Aqcum. Amort. Total assets $235,000 Common shares 250,000 Retained earnings 146,000 Total shareholders' equity 396,000 164,500 70,500 $ 125,000 37,500 87.500 $712.000 Total liabilities and shareholders' equity $712.000 The total amount in the contra asset accounts is O $ 37,500. $ 108,000. $70,500. 10 9,050