Question 1 The end-of-year balance sheet and income statement of TZR Limited as of December, 31st 2017 are as follows: Balance-Sheet: Assets Cash 20,000 Trade Receivables 10,000 Inventory 40,000 Property, Plant and Equipment 100,000 Total Assets 170,000 Liabilities and equity Trade Payables 20,000 Long-term Debt 60,000 Common Stock 60,000 Retained profit at beginning of current year 20,000 Profit for the current year 10,000 Total liabilities and equity 170,000