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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,
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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