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Question 4. ACCT210 The financial statements of Lewis Limited a (18 marks) appear below: LEWIS LIMITED Comparative Statement of financial positions 31 December 2017 2016

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Question 4. ACCT210 The financial statements of Lewis Limited a (18 marks) appear below: LEWIS LIMITED Comparative Statement of financial positions 31 December 2017 2016 Assets Cash Accounts receivable Merchandise inventory Property, plant, and equipment $ 44,000 23,000 34,000 26,000 20,000 50,000 15,000 78,000 120,000)124,000) $120.000 $126,000 Accumulated depreciation Total $15,00023,000 Accounts payable Income taxes payable Notes payable Ordinary shares 13,000 7,000 41,000 8,000 33,000 24,000 44,000 38,000 Retained earnings Total $120,000 $126,000

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