Poskie Ltd prepares annual adjusting entries for its 31 July financial year-end. Its adjusted trial balance appears below. Poskie Ltd Adjusted Trial Balance 31 July 2019 (000's) Debit Credit Cash $6,000 Accounts Receivable 2,200 Office Supplies 1,800 Investment Property 80,000 Land 20,000 Office Equipment 15,000 Accumulated Depreciation Office Equipment $ 4,000 GST Clearing 2,000 Accounts Payable 3,300 Loan Payable 20,000 Unearned Revenue 6,000 Share Capital 65,000 Retained Earnings 14,400 Treasury Shares 12,000 Dividends 2,500 Service Revenue 59,300 Other Operating Expenses 10,000 Loss on Sale of Equipment 1,000 Loss on Bond Redemption 5,000 Income Tax Expense 12,000 Interest Expense 1,500 Office Supplies Expense 600 Depreciation Expense 2,500 Rent Expense 1,900 Totals $174.000 $174.000 After the adjusted trial balance was prepared, Poskie's accountant discovered that certain events had not yet been considered and therefore not reflected in the above balances (note that the 000's have not been omitted for these events): i) In July 2019, the Board of Directors declared and distributed a $10,000,000 share dividend to supplement the $2,500,000 cash dividend paid earlier in the year (see the ATB above). ii) Poskie Ltd had elected to show its investment property at fair value. On 31 July 2019, the investment property was valued at $100,000,000. At the end of the previous year, the investment property had been revalued from $120,000,000 to $80,000,000. iii) Poskie Ltd had also elected to re-value its land (considered PP & E) to fair value. (This is the first year of using the fair value model.) An appraiser has appraised the land at $120,000,000. Prepare the equity section of Poskie Ltd's Balance Sheet as at 31 July 2019. (Please omit 000's in your answer. For example, $1,000,000 should be shown as $1,000.) Your Balance Sheet should be in the form and format prescribed in this course, including a proper heading. For purposes of this problem, please assume that Poskie's profit for the year ended 31 July 2019 was $44.800. Copy and paste this table as a template to prepare your answer. You may add additional lines if necessary. Poskie Ltd Balance Sheet (000's) Equity Poskie Ltd prepares annual adjusting entries for its 31 July financial year-end. Its adjusted trial balance appears below. Poskie Ltd Adjusted Trial Balance 31 July 2019 (000's) Debit Credit Cash $6,000 Accounts Receivable 2,200 Office Supplies 1,800 Investment Property 80,000 Land 20,000 Office Equipment 15,000 Accumulated Depreciation Office Equipment $ 4,000 GST Clearing 2,000 Accounts Payable 3,300 Loan Payable 20,000 Unearned Revenue 6,000 Share Capital 65,000 Retained Earnings 14,400 Treasury Shares 12,000 Dividends 2,500 Service Revenue 59,300 Other Operating Expenses 10,000 Loss on Sale of Equipment 1,000 Loss on Bond Redemption 5,000 Income Tax Expense 12,000 Interest Expense 1,500 Office Supplies Expense 600 Depreciation Expense 2,500 Rent Expense 1,900 Totals $174.000 $174.000 After the adjusted trial balance was prepared, Poskie's accountant discovered that certain events had not yet been considered and therefore not reflected in the above balances (note that the 000's have not been omitted for these events): i) In July 2019, the Board of Directors declared and distributed a $10,000,000 share dividend to supplement the $2,500,000 cash dividend paid earlier in the year (see the ATB above). ii) Poskie Ltd had elected to show its investment property at fair value. On 31 July 2019, the investment property was valued at $100,000,000. At the end of the previous year, the investment property had been revalued from $120,000,000 to $80,000,000. iii) Poskie Ltd had also elected to re-value its land (considered PP & E) to fair value. (This is the first year of using the fair value model.) An appraiser has appraised the land at $120,000,000. Prepare the equity section of Poskie Ltd's Balance Sheet as at 31 July 2019. (Please omit 000's in your answer. For example, $1,000,000 should be shown as $1,000.) Your Balance Sheet should be in the form and format prescribed in this course, including a proper heading. For purposes of this problem, please assume that Poskie's profit for the year ended 31 July 2019 was $44.800. Copy and paste this table as a template to prepare your answer. You may add additional lines if necessary. Poskie Ltd Balance Sheet (000's) Equity