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HI 14) ABC Corporation had the following Liabilities at 12/31/2019 $4,200,000 $50,000 $2,000,000 Accounts Payable Unearned Sales Revenue Bonds Payable Current Portion of Mortgage Payable

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HI 14) ABC Corporation had the following Liabilities at 12/31/2019 $4,200,000 $50,000 $2,000,000 Accounts Payable Unearned Sales Revenue Bonds Payable Current Portion of Mortgage Payable Income Tax Payable Mortgage Payable Salary & Wages Payable Notes Payable Due 2022 $35,000 $15,000 $1,400,000 $45,000 $25,000 REQUIREMENT # 1: Prepare IN GOOD FORM the Liability Section of ABC Corporation at 12/31/2019 (the liability section should be divide as of Current Liabilities & Long Term Liabilities) REQUIREMENT #2: If the total Equity (paid in & retained) of ABC Corporation at 12/31/2019 was $1,200,000. WHAT WAS THERE TOTAL ASSETS

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