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HONEST RON'S FURNITURE OUTLET LTD. Statement of Financial Position December 31, 2018 Cash S 5,000 Accounts receivable 20.000 Supplies 1,000 Inventory 170,000 Land 100,000 Building

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HONEST RON'S FURNITURE OUTLET LTD. Statement of Financial Position December 31, 2018 Cash S 5,000 Accounts receivable 20.000 Supplies 1,000 Inventory 170,000 Land 100,000 Building $100.000 Less: Accum. Depreciation 20,000 80.000 Trademark S 40,000 Less: Accum. Amortization 10,000 30,000 Accounts payable $ 30,000 Salarles payable 10,000 Mortgage payable 130,000 Total liabilities $170,000 Shareholders' equity Common shares $140,000 Retained earings 96,000 Total shareholders' equity 236,000 Total liabilities and shareholders' equity $4.06.000 Total assets $106.000 The dollar amount of net property, plant and equipment is $80,000 $180,000. $210.000. $350,000

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