Problem 6 The balance sheets of E Ltd. and 1 Ltd. on December 30, Year 6, were as follows: Cash and receivabies Inventory Plant assets [net] Intangible assets Current liabilities Long-term debt Common shares Retained earnings (deficit) E Ltd. J 1rd. $ 96,000 $ 19,500 57,000 9,000 228,000 70,500 24,000 6,000 $405,000 $105,000 $ 63,000 $ 30,000 97,500 45,000 153,000 46,500 91,500 [1 6,500) w m