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Problem Two: Oscar Posker is the bookkeeper for Malkin Ltd. Oscar has been trying to get the balance sheet to balance. Oscar presents you with

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Problem Two: Oscar Posker is the bookkeeper for Malkin Ltd. Oscar has been trying to get the balance sheet to balance. Oscar presents you with the following: Malkin Ltd Balance Sheet For the Year Ending 31 December 2019 Assets Liabilities Equipment Supplies Vehicle Cash Dividends $38,000 7,100 10,000 17,400 6,200 Accounts payable Loan payable (due 01/05/22) Accounts receivable Share capital Retained earnings Total equity and liabilities $13,000 20,000 (12,500) 40,000 18,200 Total assets $78,700 $78,700 Instructions 1. Prepare a correct balance sheet in the form and format shown in last week's tutorial problem. Ignore depreciation. 2. Please submit this problem as your online submission

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