Nilam Patel's Two Hote ance Sheets December 31 90 Room 350 Room Property Property Common Se 90 Room 350 Room Property Property ASSETS Current AS e Sinch Chin Home Banks Cash in Demand Deposits Total Cash 518 500 85.000 103.500 586,000 330 250 416 250 56,000 165.000 Short-Term Investments Receivable Accounts receivable Nos receivable Other Total Receivables 150,000 35.000 750 185.750 327,130 136,250 30.800 49.4.200 494 200 Total Receivables Less Allowance for Doubtful Accounts Net Recettes 195/50 19.250 166,500 431,900 31 Due from Moment Company 50,000 0.096 0.196 15.125 0.299 31 Food Inventories 35 Beverage Inventories Gift Stop Inventories Supplies Inventories 35 Prepaid Expenses 19 Deferred Income Taxes - Current 40 Total Current Assets 41 12 Investments 300 6,550 56,000 48,000 151.975 69,750 -12.550 6,950 13 550 120,100 135.000 019 0.0 0.09 0.13 0.59 0496 0.09 0.00 039 72.500 274.150 0.6% 0.75 4 Property and Equipment M Property and Equipment 17 Building Leaseholdstid Leasehold improvements Furnishings and Equipient Total Property and Equipment Less Acciinted Depreciation and Amontiration Net Property and Equipment 2,000,000 6.500.000 2,037.250 1.288.000 11.825,250 575.000 11.250.250 8.450,000 18 500,000 5.850,000 3.105.000 35.905.000 2.575.000 38.480.000 50 51 0,09 53 Other Assets 51 Intangible Assets Deformed Income Taxe Non-CT Operating til Restricted sli 39 Total Other Assets 66.000 35.100 25.000 126,100 75.000 158,000 111,000 95.000 139,000 0:33 Total Other Assets D 126,100 419.000 O TOTAL ASSETS 100 01 10000 -3 LIABILITIES AND OWNERS' EQUITY 51 Current Libilities Notes Privable 0.1% Others Total Notes Payable 17.500 8.000 25.500 116,250 17A500 133,750 0.29 70 Accounts Payable 1 Accred Expenses 72 Advice Deposits 3 Incogue Taxes Payable 14 Deferred Income Taxes - Current 2.500 45.000 500 15.000 40,000 125.100 12.500 42.250 78,000 225.000 D 78,000 235,000 15.000 10.000 420,000 50,000 598,500 58 000 2399,600 5.095 990 73 Income Taxes Payable 74 Deferred Tascs - Current 75 Current Maturitics or Long-Term Debt 76 Other 7 Total Current Liabilities 78 79 Long-term Debt, Net of Current Maturities 80 Mortgage Note 81 Obligations Under Capital cases 82 Total Long-Term Liabilities 83 34 Owners' Equity SS Common Stock 86 Paid in Capital 87 Retained Kamnings 88 Total Owners' Equity 6.850.000 18.000 6,868,000 24.383.030 385.000 24.768.00 09 500,000 3,055,000 879325 4.434,325 2.000.000 8,711.500 2765,070 13.476 $70 Common Stock Paid in Capital Retained Erming Total Owners' Equity B 500.000 3.055.000 879325 4.434,325 2,000,000 8.711.500 24765070 13.476.570 RR 100.0% 90 TOTAL LIABILITIES AND OWNERS' EQUITY 91 1. What was the amount of cash in the 90-room property's Cash in House Bank account at year end? 03 Answer b. What is the amount of Allowance for Doubtful Accounts in the 350-zoom property? Do you think it is excessive? Explain your answer Answer: 90 c. What would explain the inck of a beverage inventory value in the 90-room hotel? Answer 01 What was the dollar amount of Total Assets in the 90-room hotel