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Prepare a classified balance sheet for QuickProfit Insurance using the balances below (all balances are in JDs). Paid in capital ??? Allowance for doubtful debts

Prepare a classified balance sheet for QuickProfit Insurance using the balances below (all balances are in JDs).

Paid in capital

???

Allowance for doubtful debts

500 000

Unearned premium reserve reserves

19 421 000

Financial assets at fair value through profit or loss

267 000

Accounts payable

2 891 000

Reinsurance payable

11 200 000

Paid claims

56 460 000

Intangible assets

72 000

Unallocated employees expenses

1 000 000

Net change in claims reserve

1 680 000

Impairment of financial assets

300 000

Other provisions

667 000

Statutory reserves

2 790 000

Outstanding claims reserve

9 717 000

Cheques under collection

5 280 000

Financial assets at amortized costs

1 370 000

Interest income

1 100 000

Insurance policies issuance fees

5 055 000

Bank deposits

24 369 000

Written premiums

77 585 000

Retained earnings

4 069 000

Accrued expenses

150 000

Deferred income tax (debit balance)

1 300 000

Accounts receivable

26 300 000

Commission income

7 200 000

Recoveries

2 900 000

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