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QUESTION 21 The following table is the Balance Sheet of company MTR or year 20X0: Balance Sheet of 31 December 20x0 1 Cash Receivables Total

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QUESTION 21 The following table is the Balance Sheet of company MTR or year 20X0: Balance Sheet of 31 December 20x0 1 Cash Receivables Total Assets 2000 0 2000 Liabilities 500 Contributed equity 1250 Retained earnings 250 Owners' equity 1500 Total liabilities and 2000 equity In 20x1, the company had 300, of which 100 was credit sales, in revenue and 150 in expenses. Assuming all expenses were paid in cash and no dividend was paid out, buld the income statement and the balance sheet of 20x1 for MTR. TTTT Paragraph. Arial 3 (12pt) T i % DOO TT

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