Question 4- Following are the financial statements and other supplementary information for Pluto Corporation for its year ended April 30, 2018: Assets Comparative Balance Sheet As at April 30 2018 2017 Current Assets: Cash 78,315 $ 35,000 Accounts Receivable (net) Inventory Prepaid Expenses Total Current Assets Long-Term Assets: Equipment 80,000 62,000 86,800 96,800 5,400 5,200 250,515 199,000 226,100 120,000 Accumulated Amortization, Equipment -6,400 -10,000 219,700 110,000 Total Assets $ 470,215 $ 309,000 Liabilities and Shareholders' Equity Current Liabilities Accounts Payable $ 26,000 $ 34,000 Wages Payable 13,000 14,000 Interest Payable Income Taxes Payable Total Current Liabilities Long-Term Liabilities Bonds Payable Total Liabilities Shareholders' Equity 750 0 2,400 3,600 42,150 51,600 140,000 70,000 182,150 121,600 Common Shares 216,000 180,000 Retained Earnings 72,065 7,400 Total Shareholders' Equity 288,065 187,400 Total Liabilities and Shareholders' Equity 470,215 $ 309,000