Mega Stores Global is looking to acquire Raechel's Corner Stores. With reference to the comparative balance sheet, describe two matters Mega Stores Global should consider concerning the current assets of Raechel's Corner Stores. (2 marks) Clearly label each matter raised in a separate paragraph. For example: Matter 1 is. Matter 2 is. TT T Arial 3 (12pt) T-3 - - - 's Path:p Words:0 Use the following comparative balance sheets to answer Questions 7-9 that follow. Raechel's Corner Stores Comparative Balance Sheets As at 30/06/2020 As at 30/06/2019 Current assets Cash 122,536 80,145 Accounts receivable (gross) 163,692 96,411 Allowance for bad debts (21,200) (5,200) Net accounts receivable 142,492 91,211 Inventory 11,675 5,167 Supplies 250 210 Prepaid Rent 3,000 3,000 Total Current Assets 279,953 179,733 Non-current Assets Equipment Less Accumulated Depreciation Total Non-current Assets TOTAL ASSETS 150,000 (16,000) 150,000 (8,000) 134,000 413,953 142,000 321,733 220,531 Current Liabilities Accounts Payable Notes Payable - Short Term Unearned Revenue Total Current Liabilities 320,000 10,000 17,579 10,329 347,579 230,860 2,000 Non-current Liabilities Notes Payable - Long Term Long Term Loan Total Non-current Liabilities TOTAL LIABILITIES 33,000 7,000 40,000 387,579 2,000 232,860 Shareholders' Equity Contributed Capital Retained Profits Total Shareholders' Equity Total Liabilities & Shareholders' Equity 20,000 6,374 20,000 68,873 26,374 88,873 413,953 321,733