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 S 30.000 Salaries payable 10.000 Mortgage payable 130.000 Total liabilities $170.000 Shareholders' equity Common shares S140.000 Retained earnings 96,000 Total shareholders' equity 236.000 Total liabilities and shareholders' equity Total assets S406.000 $406.000 The dollar amount of share capital is $406,000. C$236,000. C$140,000. C $96,000. FRANKLIN LTD. Statement of Financial Position December 31, 2018 S 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: Accum. Amort. Total assets $235.000 Common shares Retained earnings Total shareholders' equity 250.000 146.000 396,000 70.500 164,500 S 125.000 37,500 87.500 S712.000 Total liabilities and shareholders' equity $712.000 The total amount in the contra asset accounts is $ 37,500. $ 108,000. $70,500. $252,000