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Question 3 of 3 < 0.13/2 Selected information from Cullumber Ltd.'s statement of financial position and statement of income is as follows: CULLUMBER LTD.

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Question 3 of 3 < 0.13/2 Selected information from Cullumber Ltd.'s statement of financial position and statement of income is as follows: CULLUMBER LTD. Statement of Financial Position (partial) December 31 2021 2020 Current assets Accounts receivable $7,800 $11,800 Inventory 5,600 4.200 Prepaid expenses 4,000 2,600 Current liabilities Accounts payable 3,500 2,800 Income tax payable 1,200 800 Property tax payable 2,500 1,000 Bank loan payable-current portion 5,400 10,000 CULLUMBER LTD.

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