Monty Inc., a major retailer of bicycles and accessories, operates several stores and is a publidy traded company. The company is currently preparing Its statement of cash flows. The comparative statement of financial position and income statement for Monty as of May 31, 2017, are as follows: MONTY INC. Statement of Financial Position As at May 31 2017 2016 $34,170 $20,270 85,520 56,320 188,880 199,520 9,570 8,000 318,140 284,110 598,500 508,500 158,270 122,270 440,230 386,230 $758,370 $670,340 Cash Accounts receivable Inventory Prepaid expenses Total currentassets Plant assets Less: Accumulated depreciation Net plant assets Total assets Accounts payable Salaries and wages payable Interest payable $118,720 $115,720 61,660 73,000 25,580 23,120 205,960 211,840 81,480 107,000 287,440 318,840 Total current liabilites Mortgage payable Total llabilities ecalty Common shares 336,270 280,000 134,660 71,500 470,930 351,500 Total liabilities and shareholders' equity $758,370 $670,340 Retained earnings Total shareholders' equity