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Question 08 (07 points) Beta Corporation's comparative balance sheets are presented below. Beta Corporation Comparative Statement of Financial Position Dec. 31, 2021 Dec. 31,

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Question 08 (07 points) Beta Corporation's comparative balance sheets are presented below. Beta Corporation Comparative Statement of Financial Position Dec. 31, 2021 Dec. 31, 2020 Assets Cash $ 30,700 $22,000 Accounts receivable 10,600 13,300 Inventory 14,000 9.000 Land 25,000 16.000 Equipment Accumulated depreciation-Equipment $ 59,000 (15,200) $70,000 43,800 (10,000) 60,000 Total assets $124.100 $120.300 Liabilities and Stockholders' Equity Accounts payable $8,000 8,000 Interest payable 6,000 2,100 Bonds payable (Long term) 5,000 Share Capital Ordinary 30,000 52,000 Retained earnings 45,000 Total liabilities and stockholders' equity 53,100 34.200 $124.100 8.120.300

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