Question 3 J oncat plc runs a chain of children's book stores around Ireland. The following table shows its balance sheets as of 31St December 2014. ASSETS Non-Current Assets Buildings 855,000 Land 1,250,000 Current Assets Inventory 95,000 Cash Equivalents 85,000 Accounts receivable 124,000 Other assets 93,5 00 397,500 2,502,500 EQUITY & LIABILITIES Capital and Reserves Ordinary share capital 972,000 Non-current liabilities Bond 1,000,000 Preference Shares 452,000 Current Liabilities Accounts payable 78,500 2,502,500