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Question 2 Changeo Ltd., reported the following amounts on its Statement of Financial Position on December 31, 2021: Inventory Notes payable Cash Share capital
Question 2 Changeo Ltd., reported the following amounts on its Statement of Financial Position on December 31, 2021: Inventory Notes payable Cash Share capital $650,000 140,000 260,000 800,000 Net property, plant and equipment 445,000 Accounts receivable Accounts payable Retained earnings Required: 73,000 138,000 ? 1. What is the amount of Changeo's total assets at the end of 2021? 2. What is the amount of Changeo's retained earnings at the end of 2021? 3. Prepare a classified Statement of Financial Position for Changeo Ltd as of December 31, 2021.
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