P&G Limited's Balance Sheets as at 31 December 2015 and 2016 were as follows: Brilliant Fabrics Limited's Balance Sheet as at 31 December 2016 ASSETS Current Assets Cash Accounts Receivable 351,000 Provision for Doubtful Debts (18,000) Inventory 360,000 Prepaid Insurance 2,000 695,000 Non-Current Assets Listed equity investments 225,000 639,000 Land Property 108,000 Accumulated Depreciation Property (8,000) 360,000 Plant & Equipment cumulated Depreciation Plant & Equipment (64,000) 1,260,000 1,955,000 TOTAL ASSETS LIABILITIES AND OWNERS' EQUITY Liabilities Bank Overdraft 14,000 Accounts Payable 390,000 Accrued Wages (Wages Payable) 239,000 Provision for warranties 15,000 Current Tax Payable 3,000 Mortgage loan 400,000 1,061,000 owners' Equi Share Capital 800,000 Asset Revaluation Reserve 50,000 General Reserve 12,000 Retained Profits 32,000 Total Equity 894,000 1,955,000 TOTAL LIABILITIES AND OWNERS' EQUITY 2015 10,000 200,000 (15,000) 300,000 1,000 496,000 225,000 800,000 150,000 (14,000) 204,000 (40,000) 1,325,000 1,821,000 420,000 188,000 24,000 4,000 450,000 1,086,000 650,000 30,000 25,000 30,000 735,000 1,821,000