Q28-E. What is the net profit for the quarter? Answer: $ Q28-F. What is the total current assets at the end of the quarter? Answer: $ Q28-G. What is the total non-current assets at the end of the quarter? Answer: $ Q28-H. What is the total liabilities at the end of the quarter? Answer: $ Q28-1. What is the total shareholders' equity at the end of the quarter? Answer: $ OKD Company is a trading company. The following financial data are derived from the accounting system in the beginning of April: $ Accounts receivable 23,000 Inventory 24,200 Cash (Overdraft) (7,000) Dividend payable 1,000 Equipment at cost 80,000 Accumulated depreciation 19,200 Long-term note payable 14% 40,000 Share capital 40,000 Retained earnings 20,000 The company expects the following results during the second quarter of the year (next three months): Sales Purchases Expenses including depreciation $ $ $ April 150,000 100,000 20,000 May 200,000 150,000 25,000 June 300,000 280,000 30,000 The company generates all revenues from sales on account and is able to collect all outstanding balances. Its collection pattern is as follows: 80% is collected during the month of sales (a 4% discount is given for payment in this period); and the remaining 20% is collected in the following month. The company pays for its purchase made in the month of purchase in order to take advantage of a 10% settlement discount, calculated on the gross purchase amount presented above. Inventory levels are expected to remain constant throughout the quarter. There is no fluctuation in price when the company purchases its inventory. Depreciation rate of the equipment is 12% on cost per year. Expenses are recorded on a monthly basis. Expenses are paid for in the month in which they are incurred. The declared dividend will be paid in April. There is no repayment of the long-term note during the quarter. Interest on the note for the quarter will be paid in June